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14 CREDITORS AGREE TO EASE HYUNDAI'S FINANCIAL DIFFICULTIES.

AsiaPulse News

| June 01, 2001 | COPYRIGHT 2001 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, June 1 Asia Pulse - Korea Investment Trust Co. and 13 other investment trust companies agreed Thursday to ease financial difficulties of Hyundai Engineering and Construction Co.

Under the agreement, the 14 creditors will roll over Hyundai's outstanding corporate bonds totaling 500 billion won (US$390 million) at an annual interest of 2.74 percent but will not underwrite ...

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