Korean Air Shakes Off Political Crisis With Sale of Yen Bonds

Korean Air Lines Co. priced Samurai bonds with less of a yield premium than similar yen notes, helped by a guarantee from a state-backed lender even as the nation is hit by a political crisis.

The Seoul-based carrier sold ¥30 billion ($193 million) of three-year bonds on Friday at 40 basis points over mid-swaps, according to people with knowledge of the matter. That’s less than the average of 65 basis points for Samurai bonds with similar tenors sold since the start of…