Asia/Pacific

Cathay Pacific convertible bond sends shares falling hard

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Cathay Pacific convertible bond sends shares falling hard

Cathay Pacific has unveiled a HK$6.7bn (US$869m) bond issuance. Shares fell 9.71% at the close, as within the statement Cathay confirmed that new quarantine measures planned for passenger and cargo crew arriving in Hong Kong would damage its revenue prospects. Cathay is burning through cash at a rat...

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