dc.contributor.author | Raghuram, G. | |
dc.date.accessioned | 2010-10-19T06:53:52Z | |
dc.date.available | 2010-10-19T06:53:52Z | |
dc.date.copyright | 2001 | |
dc.date.issued | 2001-10-19T06:53:52Z | |
dc.identifier.uri | http://hdl.handle.net/11718/9777 | |
dc.description | Vikalpa, Vol. 26, No. 3, (July-September 2001) | en |
dc.description.abstract | Precious Shipping Public Company
Limited (PSL) went through a process of
financial restructuring in response to the
economic crisis that hit Thailand in 1997.
PSL faced trouble since payments were
due in dollars and they had investments
in Thai baht, which had devalued during
the crisis. Being a professionally managed
company with a high level of
transparency in their transactions, they
came out of the situation by managing to
restructure their secured and unsecured
debts. A large part of the unsecured debt
proved a little more complex since it
was tied to a swap. The case describes
the financial restructuring process and the
business scenario during the crisis, and
provides an opportunity for learning
about financial risk management. | |
dc.language.iso | en | en |
dc.subject | Shipping | en |
dc.title | Precious shipping public company limited | en |
dc.type | Article | en |