Cathay prices HK$2.08 billion public bond

Cathay announced the successful pricing of a three-year fixed-rate Hong Kong dollar bond totalling HK$2.08 billion at 3.78%, marking Cathay’s first fundraising in the Hong Kong dollar public bond market. This will also represent the largest Hong Kong dollar public bond issuance by a Hong Kong-based non-public sector company. The issuance attracted strong demand from a broad range of professional investors, including asset managers, banks and private banks. Cathay Chief Financial Officer Rebecca Sharpe said: “Announcing our first ever Hong Kong dollar public bond is a reflection of our continued commitment to our home city, Hong Kong. By participating in and supporting the development of its financial markets, we’re playing a part in reinforcing Hong Kong’s position as a leading international financial centre. Looking ahead, we have committed well over HK$100 billion in investments into our fleet, cabins, lounges and digital innovation. This investment is all about realising our vision of becoming our customers’ most loved service brand and strengthening Hong Kong’s role as an international aviation hub.” Every year, Cathay raises funds as part of its usual financing activities. In doing so, it considers a range of factors including its overall funding needs, the prevailing economic environment, funding source diversification and pricing. Cathay believes this is a good opportunity to raise funds in the Hong Kong dollar public bond market while further diversifying its funding sources. Cathay intends to use the proceeds from the bond for working capital and general corporate purposes. The bond issuance is an issuance under Cathay’s US$2.5 billion Medium Term Note Programme. An application has been made to The Stock Exchange of Hong Kong Limited for the listing of, and permission to deal in, the bonds. 國泰首次發行港元公開債券 總額達港幣20.8億元 國泰今日宣布成功為一筆三年期固定利率的港元債券定價，總額為港幣20.8億元，票息每年3.78%，是國泰首次在港元公開債券市場籌集資金。 這同時亦為本港非公營企業在港發行最大規模的港元公開債券，是次發行反應熱烈，獲得不同類型的投資者認購，包括資產管理公司、銀行及私人銀行等。 國泰集團財務總裁沈碧嘉表示：「集團首度宣布發行港元公開債券，充分體現國泰植根香港的一貫承諾。透過參與並支持香港金融市場的發展，我們為鞏固香港國際金融中心的領導地位作出貢獻。 「展望未來，我們正投資遠超港幣一千億元，用於機隊、客艙、機場貴賓室及數碼創新。這些投資旨在實現我們成為顧客最喜愛服務品牌的願景，同時加強香港作為國際航空樞紐的地位。」 國泰每年均會籌集資金，屬慣常的融資活動，其中會考慮整體資金需求、當前經濟環境、保持多元化的融資渠道以及融資成本等多項因素。 國泰認為這是一個在港元公開債券市場籌集資金，同時進一步拓展公司的融資來源多元化的好機會。 國泰計劃將發行債券所得款項用於營運資金及一般企業用途。該債券發行屬於國泰25億美元中期票據計劃的一部分。國泰已向香港聯合交易所有限公司申請債券上市及買賣許可。 For Editorial Inquiries Contact: Editor Matt Driskill at [email protected] For Advertising Inquiries Contact: Head of Sales Sally Passey at [email protected]