Cathay Pacific’s bond sale will help keep planes in the air during the coronavirus pandemic. Photo: Shutterstock
Cathay Pacific’s bond sale will help keep planes in the air during the coronavirus pandemic. Photo: Shutterstock

Cathay Pacific raises US$650 million in first US-dollar bond sale in 27 years to fuel survival amid global air travel slump

  • Hong Kong’s flag carrier raised US$650 million by selling a bond yielding 4.875 per cent, tighter than its initial price guidance of 5.20 per cent
  • Airlines have sold a record US$21 billion worth of bonds so far this year as they grapple with the standstill in global travel

Cathay Pacific’s bond sale will help keep planes in the air during the coronavirus pandemic. Photo: Shutterstock
Cathay Pacific’s bond sale will help keep planes in the air during the coronavirus pandemic. Photo: Shutterstock
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