Asiana Airlines, Inc. (KOSE:A020560) announced a private placement of 87th series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 100,000,000,000 on March 29, 2018. The transaction will include participation from new investors CAPE Investment & Securities Co.,Ltd., Investment Arm for proceeds of KRW 55,000,000,000, NH-QCP SME Global Investment Partnership PEF, a fund co-managed by Q Capital Partners Co., Ltd. (KOSDAQ:A016600) and NH Investment & Securities Co., Ltd., Investment Arm for proceeds of KRW 40,000,000,000, A1 Type A Mezzanine Hedge Fund for proceeds of KRW 850,000,000, A1 Type B Mezzanine Hedge Fund for proceeds of KRW 1,150,000,000, Aion Gaia Private Investment Trust 2 for proceeds of KRW 1,000,000,000, Aion Gaia Private Investment Trust 3 for proceeds of KRW 1,000,000,000, Aion Gaia Private Investment Trust 1 for proceeds of KRW 1,000,000,000. The bonds will be issued at par.

The bonds have a coupon rate of 2% and yield to maturity of 3%. The bonds will mature on April 13, 2023. The bonds are fully convertible into common shares of the company at a conversion price of KRW 5,000 per share between April 13, 2019 and April 12, 2023.

The payment and subscription date is April 13, 2018. The transaction has been approved by the board of directors of the company.