China Eastern Airlines has completed the early redemption of a total of CNY3.3 billion ($510 million) in bonds issued in 2014.
The airline says in a stock exchange statement that, following an earlier repurchase of CNY1.72 billion in April, the outstanding principal amount of CNY1.58 billon was redeemed on 6 May. As a result, the bonds will now be cancelled.
The guaranteed bond tranche was due to mature in March 2017, and carried a coupon rate of 4.8%.
Source: Cirium Dashboard
Cathay Pacific expects a “strong” showing for the second-half financial results, as it approaches full capacity recovery January next year.
A former US Marine Corps pilot who allegedly helped train Chinese military pilots will be extradited from Australia to the USA.
The US government has cleared nearly $1 billion in potential sales of air-launched weapons to Egypt and Morocco.
