Hong Kong flag carrier has raised about US$650 million in much needed funds by selling US dollar bonds. It is the fits time it has sold the bonds for nearly three decades.
Funds raised will go toward working capital to see it through the pandemic as well as for general corporate purposes. The carrier already received a HK$39 billion (US$5 billion) government bailout.
Nearly 90% of the bonds will go to Asia-based investors, 10% to European accounts and 2% to offshore US investors.
