Cathay Pacific announces Medium Term Note Programme
23 Aug 2011
Cathay Pacific today announced that application had been made to The Stock Exchange of Hong Kong Limited for the listing of a US$2 billion Medium Term Note Programme and for the listing of, and permission to deal in, any notes issued under the Programme within 12 months after 23 August 2011. The listing of the Programme is expected to become effective on 26 August 2011.
Cathay Pacific Chief Executive John Slosar said: "Our finances are in very good shape, and this programme is a prudent measure that will enable us to broaden our sources of funding and increase our financial flexibility.
"The programme allows the company to issue up to US$2 billion in bonds, though we do not have any firm plans at the moment to do so."