Trinity Airways Decides to Issue 110 Billion KRW Hybrid Securities to Largest Shareholder Sono International for Operating Funds and Capital Expansion

Trinity Airways decided to issue 110 billion KRW of 5th private placement hybrid subordinated bonds to its largest shareholder Sono International.
The 30-year bond with a 6% coupon will be accounted as equity, improving the company's financial structure and capital base.
The proceeds are for operating funds, with payment scheduled on June 30, 2026 after board approval.
[AI Summary]Trinity Airways raised 110 billion KRW of hybrid securities from its largest shareholder, strengthening its capital position without diluting existing shareholders. However, the use of funds for operating expenses rather than growth investments limits upside potential, and the interest burden may weigh on profitability.