Royal Bank of Scotland auctions off Zim's US$62 million debt
ZIM creditors, owed US$62 million are looking to sell their debt holdings as the Israeli flag carrier faces restructuring, reported Lloyd's List.
The US sale is run by the Royal Bank of Scotland acting as auctioneer for investors interested in buying the $62 million Nord LB-Helaba credit facility, according to the sources.
That facility is secured by three containerships, the 10,070-TEU Zim Djibouti and the same 8,208-TEU Zim Chicago and Zim Los Angeles, said the report.