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Yulchon helps Daewoo reach debt-for-equity swap unlocking US$2.6bn bailout

By Jessica McKay

19 April 2017

Yulchon helps Daewoo reach debt-for-equity swap unlocking US$2.6bn bailout Shipyard iStock.com/http://www.istockphoto.com/gb/portfolio/Didi_Lavchieva

Korean firm Yulchon has been advising debt-ridden shipbuilder Daewoo Shipbuilding & Marine Engineering, which reached a restructuring agreement with bondholders this week as a condition of a US$2.6 billion state bank bailout.