Cathay Pacific Plans Hong Kong Dollar Bond Issuance
The airline seeks fixed-rate bonds for three or five years as jet fuel prices surge from the Iran war. Cathay will also cut some flights starting in mid-May.
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CATHAY PACIFIC AIRWAYS is planning to issue a three- or five-year fixed-rate bond denominated in Hong Kong dollars, according to a term sheet released on Tuesday. The carrier is considering both durations as it seeks to secure financing amid a challenging global aviation environment. A global investor call is scheduled for Tuesday, with the bond deal potentially commencing as early as Wednesday.
