Cathay Pacific to test investor demand with rare dollar bond
Cathay Pacific Airways is looking to sell a rare US dollar bond as Hong Kong’s protests weigh on the company’s outlook. The carrier will have a roadshow in Hong Kong Wednesday after starting off in Singapore Tuesday. The potential bond offering is expected to be unrated. The deal size and coupon haven’t been made public. Cathay Pacific shares have tumbled 29% since this year’s peak in April, while the airline’s CE and chairman announced their resignations after China’s civil aviation authority began clamping down on the company because of employees joining the protests. The airline reported its biggest drop in passenger traffic in more than a decade in August. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-09-26/oneworld/cathay-pacific-to-test-investor-demand-with-rare-dollar-bond
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Cathay Pacific to test investor demand with rare dollar bond
Cathay Pacific Airways is looking to sell a rare US dollar bond as Hong Kong’s protests weigh on the company’s outlook. The carrier will have a roadshow in Hong Kong Wednesday after starting off in Singapore Tuesday. The potential bond offering is expected to be unrated. The deal size and coupon haven’t been made public. Cathay Pacific shares have tumbled 29% since this year’s peak in April, while the airline’s CE and chairman announced their resignations after China’s civil aviation authority began clamping down on the company because of employees joining the protests. The airline reported its biggest drop in passenger traffic in more than a decade in August. <br/>
