Cathay Pacific issues HKD fixed-rate notes
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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.
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