Home > Airlines > Lucky Air completes 500 million yuan short-term bond issue

Lucky Air completes 500 million yuan short-term bond issue

03/10/2017| 7:08:55 PM|

Hainan Airlines announced its subsidiary Lucky Air has raised 500 million yuan from its first of 2017 paper issue.

The super-short-term bonds, issued to institutional investors via the China interbank bond market, have a maturity of 270 days, with an annualized interest rate of 4.8%.

Hang Fung Bank acted as the lead underwriter for the issue, the Haikou-based airline said Wednesday in a stock exchange statement

Proceeds from the issue will be used to repay debts and replenish working capital.

Read original article

TAGS: Hainan Airlines | Lucky Air | HNA Group
©2017 广州力矩资讯科技有限公司 粤ICP备06070077号-2
Tell us more about yourself!