Hyundai Merchant Marine prepares $285m bond issue

South Korea's Hyundai Merchant Marine (HMM) is preparing to issue bonds of KRW330bn ($285.1m), it announced in a regulatory filing, Seatrade Asia online reports.

The bonds, repayable over five years, would bear interest rates of 5.2% or 5.3%, the company said.

The sale managers for the proposed bonds issue are KB Investment & Securities, Daishin Securities, Korea Development Bank, IBK Securities, Korea Investment & Securities, and Hyundai Securities, according to HMM.