HongKong

Cathay Pacific sells convertible bonds to buttress finances as air travel remains in the doldrums amid lingering Covid-19 pandemic



Cathay Pacific Airways is planning one of its biggest bond sales to buttress its finances as Hong Kong’s hometown airline struggles to ride out the travel slump forced by the global coronavirus pandemic.The HK$6.74 billion (US$869 million) five-year convertible bonds maturing in February 2026 will be offered at par with a coupon of 2.75 per cent, the top end of the marketing range of 2.25 per cent and 2.75 per cent payable twice a year, according to people familiar with the transaction.The…



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