Korean Air to take off in the domestic bond market

Korean Air will next month return to the local bond market with the intention of clearing some of its debts.

After a two-year absence, Korean Air, the airline subsidiary of the Hanjin Shipping Group, will next month return to the domestic bond market with a W200 billion $155.8 million transaction via LG Investment Securities and Bookok Securities.

An official at Korean Air explained that the company was going back to the market, primarily with the intention of clearing some of its debts - recently estimated at $2.7 billion - but also to fund expansion to services. Yes,...

To continue reading, please login or register for free

Click for more on: korean | air | domestic | bond | market

Print Edition

FinanceAsia Print Edition

CONFERENCES