Cathay Pacific Airways Limited

FOR IMMEDIATE RELEASE 23rd February 2005

Cathay Pacific Announces Singapore Dollar Bond Issue

Cathay Pacific Airways today announced the issue of S$225 million (HK$1.07 billion) five-year fixed rate notes in Singapore. Strong interest from institutional investors meant the issue was oversubscribed by about 1.7 times, indicating the market's confidence in the prospects of the airline.

The five-year fixed-rate note issue bears a coupon price of 3.0575 percent a year, payable semi-annually. The notes were issued by Cathay Pacific's wholly owned subsidiary, CPA Finance (Cayman) Limited and fully guaranteed by the airline. It was launched jointly by DBS Bank and Standard Chartered Bank. Application has been made to have the bonds listed on the Singapore Exchange Securities Trading Limited.

Cathay Pacific Airways General Manager Corporate Finance Keith Fung said: "The Singapore Dollar bond issue represents a diversification of funding opportunities in a new market to Cathay Pacific and we are pleased with the strong demand from investors in this financing which reflects confidence in our credit."

Source: Cathay Pacific Airways Limited
  • Press Releases
  • Company's Index

  • © Copyright 1996-2023 Ltd. All rights reserved.
    DISCLAIMER: Ltd makes no guarantee as to the accuracy or completeness of any information provided on this website. Under no circumstances shall Ltd be liable for damages resulting from the use of the information provided on this website.
    TRADEMARK & COPYRIGHT: All intellectual property rights subsisting in the contents of this website belong to Ltd or have been lawfully licensed to Ltd for use on this website. All rights under applicable laws are hereby reserved. Reproduction of this website in whole or in part without the express written permission of Ltd is strictly prohibited.
    TERMS OF USE: Please read the Terms of Use governing the use of our website.