Investors on board KAL’s $300m bond

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By Morgan Davis
28 Feb 2018

Bond investors are embracing Korean Air Lines Co (KAL) after its successful debt outing in June last year. In its $300m comeback deal on Tuesday, the company managed to find demand from a group of new investors.

KAL’s journey into the debt market has been a bumpy one. In 2016, it tried to sell a dollar hybrid bond, but was forced to pull the transaction after a two-day syndication process, mainly because of noise around the collapse of its affiliate, Hanjin Shipping.

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