Korean Air Successfully Issues 20 Billion Yen Samurai Bond

Korean Air announced on July 6 that it has successfully issued a Samurai bond worth 20 billion yen (approximately 190 billion won) with a guarantee from the Export-Import Bank of Korea.

A Samurai bond is a yen-denominated bond issued in Japan by a foreign company.

The issuance took place amid ongoing external uncertainties, such as high oil prices and high exchange rates.

Investors reportedly responded positively to Korean Air's balanced passenger and cargo business, which maintains stable profitability, as well as the expected operational synergies from its integration with Asiana Airlines and the potential for global network expansion.

A Korean Air official stated, "This Samurai bond issuance is an achievement that confirms the trust of global investors in our stable business competitiveness and future growth potential."

Korean Air has also secured separate policy financing for the introduction of next-generation aircraft.

The Export-Import Bank of Korea will provide a total of 700 billion won, consisting of 300 billion won in export financing and 400 billion won from the Supply Chain Stabilization Fund.

Last year, Korean Air decided to invest a total of 36.2 billion dollars to introduce 103 high-efficiency aircraft from Boeing in the United States.

The aircraft models to be introduced include 20 Boeing 777-9s, 25 787-10s, 50 737-10s, and 8 777-8F freighters, which are scheduled to be delivered sequentially through the late 2030s.

The next-generation aircraft being introduced by Korean Air use lightweight materials such as carbon composites, offering higher fuel efficiency and lower carbon emissions compared to existing models.

Furthermore, Korean Air expects that the application of the latest technologies will improve safety and maintenance efficiency.

(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.