But the sale of convertible notes - first signalled in May - has been scaled back, according to a regulatory filing.
The Korean shipowner has sold KRW 22.4bn ($21.11m) of bonds, maturing over three years. They will carry interest of 3.49%.
State-controlled Korea Development Bank (KDB) bought the whole issue.
The move was made after the company applied to a government-backed scheme to refinance debt.
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