MTR and Cathay Pacific seek HK$17 billion in bond sales
MTR and Cathay Pacific seek HK$17 billion in new bond issues as the local market hits record highs. The funding follows rising fuel costs and regional conflict.
Xurve View
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Xurve View
The Hong Kong dollar bond market is experiencing a historic surge in activity, as major corporate players move to secure funding amid record demand. Transport giant MTR CORP and flagship carrier CATHAY PACIFIC AIRWAYS are together seeking at least HK$17 billion ($2.17 billion) in separate debt offerings, capitalizing on a market that has already seen year-to-date issuance reach an all-time high of HK$115.7 billion.
