Hyundai Merchant Marine stock fell 28% after announcement of a convertible bond to complete its financial restructuring, according to Bloomberg. The 200 billion won ($179 million) bond has an option price 25% above the current share price, indicating a degree of confidence from financiers that HMM can recover fully. This comes after a revenue-for-equity swap … Continue reading “HMM Solves Financing, Now Back to Business”