Asiana Airlines has plans to issue $300 million in overseas hybrid bonds with a 30 year maturity.

The Star Alliance carrier states that during the first three years of the bonds, their coupon will be determined using US Treasury rates with an additional spread that will be determined by the public offering.

After three years, a 5% premium will be applied to the combined Treasury and spread rate.

The bonds will be listed on the Singapore exchange, and are expected to close by the end of June.

Source: Cirium Dashboard

Topics