Asiana Airlines Decides on 1.8 Trillion KRW Rights Offering and Convertible Bond Issuance

[Asia Economy Reporter Minji Lee] Asiana Airlines announced on the 16th that it has decided to raise 1.5 trillion KRW through a third-party allotment paid-in capital increase to secure operating funds and debt repayment funds. The third-party allotment target is Korean Air. The scheduled listing date for the new shares is July 21 of next year.

Additionally, Asiana Airlines announced on the same day that it will issue convertible bonds worth 300 billion KRW to Korean Air. The coupon rate and maturity interest rate are both 7.2%.

The company stated, “To achieve the company's management objectives and promptly raise the necessary funds, the board of directors made the final selection considering the investor's intentions, payment capability, and timing.”