Seoul — Asiana Airlines (020560.KS) has issued perpetual convertible bonds worth some KRW 300 billion (South Korean won) in a bid to bolster its financial position.
The funds come through the issuance of unsecured bearer perpetual convertible bonds carrying a coupon of 4.70 % annually. The bonds are slated for conversion into approximately 33,860,045 common shares at a fixed conversion price of KRW 8,860 per share, with conversion starting from 13 November 2026 and lasting until 13 October 2055.
The move is seen as part of Asiana Airlines’ broader strategy to secure liquidity, refinance existing hybrid capital and improve its financial structure amid merger and regulatory uncertainty.
The transaction was approved by Asiana’s board and involves a participating investor, Korean Air Lines, as a returning investor.
