Cathay Pacific announces intention to repay Hong Kong government US$2.52 billion within five years
As part of a US$5 billion recapitalization package which the airline announced on Tuesday this week, Cathay Pacific has made it clear it intends to repay the Hong Kong government for US$2.52 billion of preference shares within five years. According to Reuters news agency, the notes carry a coupon rate of 3% for the first …