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Balanced Bond Repayment Rate Raised to 15.5%; Court Recognizes Loan Repayments From Lenders as a Source of Funds for Rehabilitation
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[Digital Daily Reporter Yoo Chae-ri] The debt repayment rate of luxury goods platform Balan, which is currently undergoing corporate rehabilitation due to management difficulties, is expected to rise significantly from the previous 5.9% to as much as 15.5%. This is because the amount available for repayment has increased after the court ruled that the funds previously repaid by Balan to a loan company should be returned to the rehabilitation fun…
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