Asiana Airlines purchases USD27m in bonds from Air Busan

Asiana Airlines acquired KRW30 billion (USD26.5 million) in non guaranteed convertible bonds from its LCC subsidiary Air Busan (Yonhap News/Chosun Ilbo/Seoul Finance/Herald Economy, 23-Mar-2021). The bonds have a 7.2% interest rate and will mature on 24-Mar-2051. The acquisition is aimed at improving liquidity for Air Busan.