Asiana Airlines Decides to Issue Private Convertible Bonds Worth 300 Billion KRW
[Asia Economy Reporter Minji Lee] Asiana Airlines announced on the 29th that it has decided to issue the 97th series of unnamed, unsecured perpetual private convertible bonds worth 300 billion KRW. The coupon rate and maturity interest rate are 7.20%, and the maturity date is June 30, 2050.
The conversion price is 5,000 KRW, and the number of shares to be issued upon conversion is 60 million shares, which corresponds to 21% of the total number of shares.
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The company explained, "Out of the 300 billion KRW, 250 billion KRW will be used for debt repayment and operating funds," and "50 billion KRW will be used as the acquisition cost for Air Busan's perpetual convertible bonds."
This content was produced with the assistance of AI translation services.
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