[Infostock Daily= Reporter Ryu Ki-heon] T'way Air "expect the industrial stabilization fund to support us"...KDB "anything has not been confirmed."
The Korea Development Bank announced on the 2nd that it acquired private convertible bonds (CB) issued by T'way Airlines.
The interest rate of convertible bonds worth 10 billion won (267,376 stakes) issued on the 21st is coupon rate 1% and maturity interest rate 4.5%, and the conversion claim period is from May 29th, 2021 to May 28th, 2025.
If the Korea Development Bank converts T'way Air's CB into stocks, it will hold a 5.39% stake in T'way Airlines, which will lead the Korea Development Bank to become the second largest shareholder of T'way Air.
Meanwhile, it has not been confirmed whether T'way Air will be included in the 40-trillion-won industrial stabilization fund.
“We have not confirmed it yet , but it is possible.” said T'way Air official on the government’s support for the industrial stabilization fund.
The Korea Development Bank said "We have not confirmed it yet."
Reporter Ryu Ki-heon okyou93@infostock.co.kr
