Creditors of Asiana Airlines plan to inject around US$ 1.4 bil. : Finance minister
- 5 years ago
South Korea's finance minister says the creditors of Asiana Airlines plan to inject around one-point-four billion U.S. dollars to ease its parent company's liquidity crisis.
Attending a meeting on Tuesday, Hong Nam-ki said creditors led by the state-funded Korea Development Bank will buy around 438-million U.S. dollars worth of perpetual bonds and set a credit limit of 700-million dollars.
Credit limit refers the maximum amount of credit that lenders will extend to a debtor for a particular line of credit.
This comes after creditors accepted Kumho Asiana Group's self-rescue plan earlier this month...after the group said it will sell its flagship Asiana Airlines.
Attending a meeting on Tuesday, Hong Nam-ki said creditors led by the state-funded Korea Development Bank will buy around 438-million U.S. dollars worth of perpetual bonds and set a credit limit of 700-million dollars.
Credit limit refers the maximum amount of credit that lenders will extend to a debtor for a particular line of credit.
This comes after creditors accepted Kumho Asiana Group's self-rescue plan earlier this month...after the group said it will sell its flagship Asiana Airlines.