Hong Kong's flag carrier, Cathay Pacific Airways, successfully raised HK$2.08 billion by issuing three-year bonds. This transaction marks the airline's debut in the public bond market, providing significant boost to its working capital.

Cathay Pacific Airways has raised HK$2.08 billion (US$265.4 million) by selling Hong Kong dollar-denominated bonds to boost its working capital, tapping the public bond market for the first time. Hong Kong’s flag carrier said on Friday that the bond issuance was the biggest of its kind by a locally based, non-public sector company. The three-year bonds, which carried a fixed interest rate of 3.78 per cent, were sold mainly to professional investors such as asset managers, banks and private...