T'way Holdings Issues 30 Billion KRW BW... Participates in T'way Air Capital Increase

T'way Air passenger plane [Image source=Yonhap News]

[Asia Economy Reporter Seongpil Cho] T'way Holdings has decided to issue 30 billion KRW worth of bonds with warrants (BW) to secure funds necessary for participating in T'way Air's paid-in capital increase.

On the 28th, T'way Holdings held a board meeting and resolved to issue 30 billion KRW of BW through a public offering.

The coupon rate is 2.0%, the maturity interest rate is 4.0%, and the bond maturity date is October 22, 2023.

T'way Holdings plans to list the bonds with detachable warrants and the warrants separately on November 9 and October 22, respectively.

T'way Holdings intends to use the 30 billion KRW raised through the BW issuance for the paid-in capital increase promoted by T'way Air.