S.Korean creditors to provide $1.4 bln support to Asiana Airlines - Yonhap

Kumho Engineering & Construction

23/04/2019 24:04

SEOUL, April 23 (Reuters) - South Korean creditors plan to
provide 1.6 trillion won ($1.4 billion) of financial support to
debt-laden Asiana Airlines  020560.KS  to address the carrier's
liquidity problems, Yonhap News Agency said, quoting the
country's finance minister. 
    The support includes buying perpetual bonds worth 500
billion won, Finance Minister Hong Nam-ki said at a meeting, the
report said.
    ($1 = 1,140.4500 won)

 (Reporting by Hyunjoo Jin and Cynthia Kim
Editing by Jacqueline Wong)
 ((hyunjoo.jin@thomsonreuters.com; 82-2-3704-5685; Reuters
Messaging: hyunjoo.jin.thomsonreuters.com@reuters.net))