The Korean shipowner plans to sell convertible bonds with aview to raising KRW 12.5bn ($11.6m).

The notes will have a tenor of three years puttable aftertwo years, according to a regulatory filing.

Proceeds will be used for working capital.

Hanjin booked a net deficit of KRW 680.2bn ($631.62m) forthe year to 31 December compared to a loss of KRW 638bn in 2012.

The