Boeing plans to launch effort to raise over $15 billion in capital as early as Monday, source says

Boeing is set to launch as early as Monday its plan to raise more than $15b in capital, a source briefed on the matter told Reuters. Reuters first reported on Oct. 16 that the planemaker was closing in on a plan to raise around $15b with common shares and a mandatory convertible bond as it sought to bolster finances worsened by a crippling ongoing strike. The new capital is set to come from a mix of the sale of stock and convertible preferred shares, the source added, saying the total amount raised could rise based on demand. Boeing declined to comment on Sunday. Bloomberg News reported the expected timing of Monday's capital raise earlier. Last week, machinists voted nearly two to one to reject Boeing's latest offer seeking to end the strike that has halted 737 MAX production.<br/>The company said earlier this month in regulatory filings that it could raise as much as $25b in stock and debt with its investment-grade credit rating at risk.<br/>