InfraDefenceThe capital behind defence.
Bond · 29 May 2020

Korea Aerospace Industries (KAI) KRW 200bn unsecured bonds (2020)

Debt repayment

Key terms

Borrower or issuer
Korea Aerospace Industries
Date
29 May 2020
Type
Bond
Amount
KRW 200bn (US$169m)
Pricing
No. 24: 2.475% fixed
Maturity
2023-05-29

Recorded terms

Structure
Public unsecured corporate bonds in the Korean market, 1 tranche: KRW 200bn 3-year (No. 24, 2.475%)
Lenders and arrangers
Underwriters: KB Securities, Mirae Asset Daewoo, Korea Investment & Securities, NH Investment & Securities, Korea Development Bank, Samsung Securities, Yuanta Securities Korea
Country
South Korea

Parties

Similar financings

More from Korea Aerospace Industries

Sources

  1. Korea Aerospace Industries (KAI) DART filing: securities issuance results report (Korean) dart.fss.or.kr · 29 May 2020
  2. Korea Aerospace Industries (KAI) DART filing: registration statement, final terms (Korean) dart.fss.or.kr · 29 May 2020

About this record

Record DEF-2020-0040, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.

Read the structure

Senior notes are unsecured promises to pay, priced off government bonds; the prospectus sets the covenants, the change-of-control put and the redemption terms.

Randeep Bubbra
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