Vietnam Shipbuilding Industry Group, the state-owned company with more than $4 billion of debt, asked holders of a local-currency bond it defaulted on in April to write off as much as 90 percent of the money owed, according to a bondholder who met with company officials in Hanoi last week.
SHIPBUILDING
02 June 2011 - 07:23
Vinashin Seeks 90% Debt Forgiveness on Defaulted Local Bonds
Vietnam Shipbuilding Industry Group, the state-owned company with more than $4 billion of debt, asked holders of a local-currency bond it defaulted on in April to write off as much as 90 percent of the money owed, according to a bondholder who met with company officials in Hanoi last week.
SHIPBUILDING
02 June 2011 - 07:23
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