Some Companies Crying Happy
Some companies are crying happy, because now financial companies are lining up begging to lend them money.Those companies are the same ones which were once treated as risky companies due to their bad cash flow, but recently after having completed their restructuring, accordingly are judged to be safe.
Hansol, Hanwha, Doosan and Daesang groups will reap the rewards of their restructuring moves.
Hansol Group recently intended to repay their debts, but the financial institutions which deals with the group requested the group extend the period of the debt.
Hanwha group was also surprised at the fact that Daehan Investment Trust Co would like to undertake 40 billion won worth of debentures (two year due without warrant).
Doosan and Daesang groups recently succeeded in issuing their commercial papers (CP) at the rate of an annual 8~13%.
Binggrae and Hyosung groups' state of cashflow are getting better recently, industry sources said.
with the Korea JoongAng Daily
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