February 2017 by Finacity
Finacity Corporation (“Finacity”) announced today that it has successfully facilitated a KRW 280 billion senior bonds and USD equivalent of KRW 14 billion junior bonds future passenger ticket receivables securitization for Asiana Airlines, Inc. (“Asiana”). The Senior Bonds have been assigned an ‘A-’ rating by KIS Rating and NICE Rating.
Finacity will serve on an ongoing basis as the Trust Administrator for the program.
Founded in 1988, Asiana is one of the two major airlines in South Korea. Headquartered in Seoul, Asiana operates in 24 countries with 65 destinations around the world as well as 10 domestic locations. For more information, please visit www.flyasiana.com.
Finacity specializes in the structuring and provision of efficient capital markets receivables funding programs, supplier and payables finance, back-up servicing, and program administration. Finacity currently facilitates the financing and administration of an annual receivables volume of approximately US $100 billion. With resources in the USA, Europe and Latin America, Finacity conducts business throughout the world with obligors in 175 countries. For further information, please visit www.finacity.com.
For more information on this transaction, please contact: