Cathay Pacific hits 2-week high on report of airline planning Hong Kong dollar bond

Cathay Pacific Airways

21/04/2026 07:33

** Shares of Cathay Pacific Airways 0293.HK climb 2.2% to HK$12.14, their highest level since April 8, and on track for a second straight session of gains

** The Hong Kong flagship carrier is aiming to raise about HK$2 bln ($255.38 mln) through a one- or two-tranche fixed-rate Hong Kong dollar bond, according to two sources with direct knowledge of the matter

** A global investor call will take place on Tuesday and the bond deal could begin on Wednesday, according to a term sheet seen by Reuters but it did not identify the deal size

** Cathay did not immediately respond to a request for comment

** The planned bond issuance comes as global airlines face a tough operating environment amid the Iran war and surging jet fuel prices, which are not expected to ease in the short term

** YTD, stock down 3%, while the benchmark Hang Seng Index .HSI up 3.2%

($1 = 6.8157 Chinese yuan)

($1 = 7.8316 Hong Kong dollars)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))