With bank debt being still hard to come by, the bond market for shipping companies in Asia continues to be active with transactions that ran the gamut from the simplicity of straight unsecured issue to the complexity of Islamic debentures. Bonds have become an extremely important source of capital for both shipbuilders and shipping companies in Asia and many are still working hard to seize this fund raising opportunity before any sudden changes in investors’ risk appetite.
This is only an excerpt of Asian Shipping Bond Issuances Hit USD 7.3 Billion In 2009
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Tags: · asian shipping bonds, Bank of China, bond volume, Bonds, China Chanjiang National Shipping Group, China COSCO Holdings, China Shipping Development, CITIC Securities, EUKOR Car Carriers, Hanjin, HMM, Hyundai Merchant Marine, Korea Line, Mitsui, Nippon Yusen Kaisha, NYK, SK Shipping, STX Pan Ocean
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