Korean Air Lines Co., Ltd. (003490) received ₩463 billion of orders in a corporate bond bookbuild, Chosun Biz reported Tuesday. The orders exceeded the airline's planned sale amount.
Institutional investors submitted demand during the formal price-discovery process. The candidate report described the total as more than twice the amount Korean Air initially planned to issue. The report covered the airline's own corporate debt.
The candidate did not state the final coupon or maturity allocation. It also did not state whether the company increased the final deal size. The company's market capitalisation was ₩11.1 trillion at Tuesday's close.
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| Symbol | Last Price |
|---|---|
| 003490Korean Air Lines Co., Ltd. | ₩30,100 -0.8% |