Asiana Airlines, Inc. announced a private placement to issue series 107 bearer unsecured private perpetual convertible bonds for gross proceeds of KRW 300,000,000,000 on November 4, 2025. The transaction includes participation from returning investor, Korean Airlines Co.,Ltd. The bonds have 4.70% coupon rate and yield to maturity of 4.70%. The bonds will mature on November 13, 2055.
The bonds will be 100% converted into 33,860,045 common shares at a fixed conversion price of KRW 8,860 per share. The conversion period is from November 13, 2026 to October 13, 2055. The payment date of the transaction is November 13, 2025.
The transaction has been approved by the board of directors of the company. The transaction is subject to restriction period of one year.
