Korean Air Lines bond grounded

New dollar-denominated deal stalls during syndication, adding a new woeful chapter in the collapse of the carrier's affiliate Hanjin Shipping.
Hanjin group chairman Cho Yang-Ho
Hanjin group chairman Cho Yang-Ho

Korean Air Lines' attempts to improve its leverage ratios amid the collapse of its affiliate Hanjin Shipping came crashing down on Tuesday after the group pulled a $300 million hybrid bond issue following two days of attempted syndication. 

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