Cathay Pacific takes off with bigger HK$6.74bn CB

Airplane_Adobe_27May_575
By Jonathan Breen
28 Jan 2021

Cathay Pacific Airways has sold the largest convertible bond by a Hong Kong issuer in over a decade, raising HK$6.74bn ($869.4m).

The Hong Kong flag carrier came to the market on Wednesday looking to sell up to HK$6bn of 2026 convertible notes.

Bookrunners BNP Paribas, BOC International, HSBC and Morgan Stanley had tested investor appetite throughout the day and found a good reception for the deal, said one banker ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial