SEOUL, March 16 (Reuters) - South Korean shipbuilder Samsung Heavy Industries said on Monday it would sell 700 billion won ($482 million) in three-year domestic bonds amid a slump in ship orders.
Samsung, the world's No. 3 shipbuilder by outstanding order book, said in a filing to the local regulator that the bond sale was to finance its investment project and repay maturing short-term debt as "managing cash has become more important due to a rapid fall in new orders since the ...
Sign in to access
this Article
"Samsung Heavy to sell $482 mln bond as orders drop" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. To obtain Premium status, please contact us.
Why Become a Premium Subscriber?
WardsAuto.com Premium subscribers have access to the full breadth of Ward’s articles, news, analysis and features as well as all the Ward’s data and statistics as soon as they are available in Excel spreadsheet format. Learn more about the benefits of Premium access here.
