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, we do want to pay off some of our loans, but this will also help with the pre-payments for new aircraft, he says.

The official hinted that the company may return to the domestic market...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222