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Cathay shares plunge after airline announces $1 15b bond sale to stem cash crisis

The carrier warned Hong Kong's new quarantine measures would further hurt its finances.. Read more at straitstimes.com.

Hong kongCathay pacificCathay dragonCovid 19ஹாங் காங்கேத்தே பெஸிஃபிக்கேத்தே டிராகன்

Cathay Pacific shares fall as bond sale announced to stem cash crisis

Cathay Pacific shares fall as bond sale announced to stem cash crisis
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Cathay Pacific Shares Plunge As Bond Sale Announced To Stem Cash Crisis

Cathay Pacific Shares Plunge As Bond Sale Announced To Stem Cash Crisis 01/28/21 AT 4:11 AM Shares in Hong Kong s marquee carrier Cathay Pacific plunged on Thursday after the struggling airline unveiled a HK$6.7 billion (US$870 million) bond sale to try to stem its rampant cash burn. The firm s stock tumbled 9.7 percent as the market closed in Hong Kong, days after it warned new quarantine measures planned for passenger and cargo crew arriving in Hong Kong would further dent its finances. Cathay Pacific on Thursday said it would offer five-year bonds maturing in February 2026 that could also be converted into shares at a 30 percent premium above the previous day s close.

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Cathay shares plunge as bond sale announced to stem cash crisis | Money

Thursday, 28 Jan 2021 12:56 PM MYT Cathay today said it would offer five-year bonds maturing in February 2026 that could also be converted into shares at a 30 per cent premium above the previous day’s close. Reuters pic Subscribe to our Telegram channel for the latest updates on news you need to know. HONG KONG, Jan 28 Shares in Hong Kong’s marquee carrier Cathay Pacific plunged today after the struggling airline unveiled a HK$6.7-billion (RM3.5 trillion) bond sale to try to stem its rampant cash burn. The firm tumbled as much as nine per cent, days after it warned new quarantine measures planned for passenger and cargo crew arriving in Hong Kong would further dent its finances.

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Cathay shares plunge as bond sale announced to stem cash crisis » Borneo Bulletin Online

Cathay shares plunge as bond sale announced to stem cash crisis » Borneo Bulletin Online
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