Creditors of Asiana Airlines plan to inject around US$ 1.4 bil. : Finance minister

Creditors of Asiana Airlines plan to inject around US$ 1.4 bil. : Finance minister

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.br 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. br Credit limit refers the maximum amount of credit that lenders will extend to a debtor for a particular line of credit.br 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.


User: Arirang News

Views: 41

Uploaded: 2019-04-23

Duration: 00:44

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