Korean Air | Securitisation | 07-16 | KRW900bn | Transaction | Airfinance Journal

Korean Air | Securitisation | 07-16 | KRW900bn

Korean Air Lines disclosed on July 11 that it has issued asset-backed securities to the value of 900 billion won (US$ 783 million).

Korea Air’s latest ABS are backed by the company’s passenger fare income on domestic flights. The company had initially planned to issue ABS to the value of 700 billion won, but raised the figure to secure funds while interest rates are low


Deal Categories

Regions:
Northeast Asia
South Korea
Tagged as:
Secured
Debt Capital Markets

Structure

Product category:
Other
Product type:
Aircraft purchase
Structure
Aircraft Purchase
Use of proceeds
Aircraft Purchase

Deal Categories

Regions:
North America
United States
Tagged as:
Secured
G8