Cathay Pacific' HK$6.74 Billion Convertible Bond Offer

Cathay Pacific' HK$6.74 Billion Convertible Bond Offer

2/8/2021

Cathay Pacific' HK$6.74 Billion Convertible Bond Offer

Linklaters advised Cathay Pacific on the deal.

Cathay Pacific issued HK$6.74bn convertible bond– one of the largest convertible bonds by a Hong Kong issuer in the past decade, with the aim to further strengthen the airline’s liquidity and working capital position.

Cathay Pacific is the flag carrier of Hong Kong, with its head office and main hub located at Hong Kong International Airport. 

The transaction was led by Hong Kong based capital markets partners William Liu (Picture), Michael Ng and Gloria Cheung, with support from counsel Taiki Ki and Christian Felton.