Cathay Pacific plans Hong Kong dollar three-year bond, term sheet shows (updated)

Cathay Pacific Airways

22/04/2026 02:52

Add details from term sheet from paragraph 2

SYDNEY/SINGAPORE, April 22 (Reuters) - Hong Kong's Cathay Pacific 0293.HK plans to issue benchmark-sized three-year Hong Kong dollar senior unsecured fixed-rate notes, showed a term sheet reviewed by Reuters on Wednesday, with initial price guidance set in the 4.1% area.

The bonds will mature on April 29, 2029, pay interest semi-annually and are due to settle on April 29, 2026, the sheet showed.

Proceeds will be used for on-lending to the airline and subsidiaries for working capital and general corporate purposes, the sheet showed.

Bank of China (Hong Kong) BOCHK.UL, BNP Paribas BNPP.PA, DBS DBSM.SI and HSBC HSBA.L are joint bookrunners and joint lead managers.

Cathay Pacific did not respond to an emailed request for comment.

 (Reporting by Scott Murdoch in Sydney and Yantoultra Ngui in Singapore; Editing by Christian Schmollinger and Christopher Cushing)

 ((Yantoultra.Ngui@thomsonreuters.com;))