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Cathay Pacific Announces Issuance of HKD 2.08 Billion Bonds Due 2029

During May Day Holiday, Cathay Pacific's Guangzhou-Hong Kong Flights Booking Volume Grew by Nearly 80% Year-on-Year

Multiple HKEX Listed Companies Release Financial Data and IPO Information

Cathay Pacific Announces March and Full Year 2026 Passenger and Cargo Volume Data

HSBC Facilitates Cathay Pacific's Issuance of HK$2.08 Billion Bonds

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MTR and Cathay Pacific Plan to Raise HK$17 Billion Through Bond Issuance

Cathay Pacific Airways Plans to Issue 3-year and/or 5-year Hong Kong Dollar Bonds

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Cathay Pacific Schedules Annual General Meeting for May 13, 2026

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Cathay Pacific Reports 2.81 Million Passengers in March

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Cathay Pacific Cancels Flights to Dubai and Riyadh Until June 30

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Multiple Asian airlines have raised fuel surcharges for May flights following April increases, driven by rising aviation fuel costs. Adjustments affect both domestic and international routes, with some surcharges nearly doubling or increasing fivefold. Spring Airlines has set new fees for South Korea routes, while All Nippon Airways has raised surcharges for routes from mainland China to Japan by over 60%. Korean Air and other South Korean carriers are also implementing significant hikes. Domestic route surcharges currently stand at CNY60 for segments under 800 kilometers and CNY120 for longer segments, with the next adjustment on May 5.

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CATHAY PACIFIC has launched its inaugural public offering of HKD-denominated bonds, totaling HKD2.08 billion, in celebration of its 80th anniversary. This issuance is the largest-ever public HKD bond by a non-public sector corporate in Hong Kong and marks the first public HKD bond issuance by an airline. HSBC is the joint lead underwriter and bookrunner for this transaction.

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CATHAY PACIFIC  Debuts HKD2.08 Billion Bond Offering

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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Cathay Pacific issues HKD fixed-rate notes

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Cathay Pacific raises $265.6 million from 3-year fixed-rate notes, term sheet says

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Two major Hong Kong companies, MTR Corp and Cathay Pacific, are set to raise at least HK$17 billion through bond issues amid record demand for Hong Kong dollar funding. MTR Corp aims for HK$15 billion in a three-tranche bond issuance, potentially increasing to HK$20 billion due to high investor interest. Cathay Pacific plans to raise HK$2 billion through fixed-rate bonds. This comes as global airlines face challenges from rising fuel costs linked to geopolitical tensions.

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Blue-chips Cathay, MTR tap record-hot Hong Kong dollar bond market

Hong Kong's flight capacity is set to increase by 10% in Q2, driven by demand for routes to China and South Korea, which will see a rise of 17-30% year-on-year. Short-haul travel to Southeast Asia, particularly Vietnam and Malaysia, is also expanding. Long-haul routes to the US and Australia are expected to grow by 15-16%. Despite challenges like the Iran conflict and high jet fuel costs, Cathay Pacific's passenger numbers rose 25% in March. However, regional weaknesses persist in Japan, Thailand, and Singapore, with global capacity reduced by 3% for May.

Hong Kong flight capacity set to rise 10% on China, South Korea demand

Cathay Pacific plans to raise approximately HK$2 billion ($255.41 million) through a fixed-rate Hong Kong dollar bond, with a potential issuance of three- or five-year bonds. This move comes amid challenging conditions for global airlines due to the Iran war and rising jet fuel prices. The airline will cut about 2% of its passenger flights and 6% from its budget arm HK Express from mid-May to June 30, while suspending services to Dubai and Riyadh. Despite these challenges, Cathay reported strong performance on European routes in March.

Cathay Pacific aims to raise about HK$2 billion in Hong Kong dollar bond, sources say

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