HNA affiliate coughs up 12% coupon for $100m outing

Plane 230x150
By Morgan Davis
25 Oct 2018

Hainan Airlines, a unit of embattled HNA Group, offered a generous 12% coupon for its $100m notes on Wednesday, reflecting the limited appeal among investors for the Chinese credit.

In addition to the market turmoil pummelling the primary market, Hainan Airlines faced additional hurdles because of its parent company.

The airline’s affiliation with indebted HNA Group led to questions and some scepticism from investors said a source close to the transaction. The conglomerate HNA has made headlines ...

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