Companies including Hyundai Merchant Marine and HanjinShipping have sought to sell perpetual bonds to raise much needed cash, theMaeil Business Newspaper reports.
But their efforts have proved fruitless so far as investorshave shied away from taking a punt on a sector, the paper said.
“The nation’s shippers called on us to provide paymentguarantees so that they can issue perpetual bonds for financing,” Hong Ki-taek,chairman of the KDB Group told the Maeil on Tuesday.
