---
title: "Cathay Pacific issues HKD fixed-rate notes"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283851888.md"
description: "Cathay Pacific plans to issue three-year HKD senior unsecured fixed-rate notes with an initial price guidance of 4.1%. The bonds will mature on April 29, 2029, and proceeds will support working capital and corporate purposes. HSBC is the Joint Bookrunner for the HKD2,080 million issuance, marking Cathay's first public bond since 2021 and coinciding with its 80th anniversary. This issuance is significant as it is the largest HKD public bond by a Hong Kong non-public sector corporate and the first from the airline sector, highlighting the strength of the HKD bond market."
datetime: "2026-04-23T14:17:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283851888.md)
  - [en](https://longbridge.com/en/news/283851888.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283851888.md)
---

# Cathay Pacific issues HKD fixed-rate notes

**Hong Kong's Cathay Pacific plans to ‌issue benchmark-sized three-year Hong Kong dollar senior unsecured fixed-rate notes, with ⁠initial price guidance set in the 4.1% area.**

The bonds will mature on April 29, 2029, pay interest semi-annually and are due to settle on April 29, 2026. Proceeds will be used for ‌on-lending ⁠to the airline and subsidiaries for working capital and general corporate purposes, as «Reuters» reports.

HSBC acted as Joint Bookrunner and Joint Lead Manager for Cathay’s HKD2,080 million public bond issuance, the lender stated. The deal also coincides with Cathay’s 80th anniversary in Hong Kong.

«Cathay’s debut HKD public bond issuance, its first return to the public bond market since 2021, highlights the strength of the HKD bond market as a dependable source of local-currency funding for leading Hong Kong corporates», said **Eugene Ng**, HSBC Head of Debt Capital Markets, Greater China. «This is the largest HKD public bond issuance by a Hong Kong non-public sector corporate, and the first HKD public bond issuance from the airline sector, underscoring the broadening local issuer base.

«We’ll continue to leverage our local-currency expertise and capabilities to help issuers access the HKD market as part of their robust funding strategies, supporting Hong Kong’s Fixed Income and Currency Roadmap to deepen liquidity and broaden participation», he states further.

The other joint bookrunners and joint lead managers are Bank of China (Hong ⁠Kong), BNP Paribas and DBS.

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