Hong Kong's largest airline, Cathay Pacific, said on the 24th it will issue its first Hong Kong dollar-denominated public bond, raising HK$2.08 billion (about 42.3 billion yen).
The three-year bond will carry a coupon rate of 3.78%. The company said it is the largest Hong Kong dollar public bond ever issued by a Hong Kong private-sector company, adding that demand was strong from a broad range of investors, including asset managers, banks and private banks.
Cathay Pacific said the offering is a good opportunity to further diversify its funding sources. Proceeds will be used for working capital and general corporate purposes. Chief Financial Officer Rebecca Sharpe said it was "evidence of our continued commitment to our home in Hong Kong."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.