Korean Air to Issue Convertible Bonds Worth 300 Billion Won
[Asia Economy Reporter Hyungsoo Park] Korean Air announced on the 13th that it will issue convertible bonds worth 300 billion KRW to the Korea Development Bank and the Export-Import Bank of Korea. The bonds can be converted into common stock from June 22, 2021, to May 22, 2050. The conversion price is 19,100 KRW.
Hot Picks Today
"Most Americans Didn't Want This"... Americans Lose 60 Trillion Won to Soaring Fuel Costs
- "Striking Will Lead to Regret": Hyundai-Kia Employees Speak Out... Uneasy Stares Toward Samsung Union
- Man in His 50s Arrested for Confining Girlfriend in Car After She Announced Breakup
- Assaulted by Elementary Student During Class... No Protection Due to 'Instructor' Status
- "If You Booked This Month, You Almost Lost Out... Why You Should Wait Until 'This Day' Before Paying for Flight Tickets"
Korean Air explained that the funds raised will be used for the early redemption of 210 billion KRW of the '79th Series Hybrid Capital Securities,' for which the first early redemption (Call Option) date falls on June 22, and for operating expenses such as fuel costs.
This content was produced with the assistance of AI translation services.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
