Asiana Airlines Acquires 30 Billion KRW Convertible Bonds of Air Busan

[Asia Economy Reporter Park Jihwan] Asiana Airlines announced on the 23rd that it will acquire 30 billion KRW worth of Air Busan unsecured private perpetual convertible bonds.

The total face value of the bonds is 30 billion KRW, which corresponds to 2.69% of Asiana Airlines' equity capital.

The maturity date is March 24, 2051. The coupon rate is 7.2%.

The company stated, "We decided to acquire the convertible bonds to improve the financial structure of our affiliate company."