When the ships come in

Daewoo Shipbuilding prices $240.7 million deal.

In a deal that was two times subscribed, Daewoo Shipbuilding priced its recent issue tightly at a 4.04% discount and raised $240.7 million with greenshoe.

The deal, which received 120 orders, was split geographically between Asia 56%, the US 30% and Europe 14%.

The deal was well received in large part because the company has been included in the MSCI index for the first time and ranks as one of the few strong...

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