soon-to-be-unveiled debt restructuring plan.

Bankers close to the deal, which is to be announced this week, say it is likely to favor Korean creditors of Daewoo. Those bankers say Daewoo's financial advisers have been quietly approaching U.S. investors to preempt some of the criticism that is expected when the announcement comes.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.