HONG KONG: Shares in Hong Kong’s marquee carrier Cathay Pacific plunged on Thursday after the struggling airline unveiled a HK$6.7 billion bond sale to try to stem its rampant cash burn.
Cathay on Thursday said it would offer five-year convertible bonds maturing in February 2026 that could also be converted into shares at a 30% premium above the previous day’s close. It has been burning through cash at a rate of HK$1-1.5 billion a month but executives fear this will spike further if Hong Kong authorities make good on stricter quarantine controls for aircrew.
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो: