Hainan Airlines has issued another CNY1.5 billion ($217 million) of bonds in its domestic market, achieving a coupon rate of 7.35%.
The bonds bear a three year maturity, and may be renewed for a further three years at the discretion of the issuer.
Huajing Securities acted as lead underwriter, trustee and manager, while Huafu Securities was appointed the joint lead underwriter.
China Chengxin Credit Rating has assigned the bonds a AAA rating with a stable outlook, reflecting its issuer rating for Hainan Airlines.
The latest offering priced 10 basis points lower than a bond issuance completed on 18 October that also raised CNY1.5 billion.
Including the latest issuance, the carrier has raised CNY4.3 billion from the issuance of three-year maturity bonds in the domestic market, with coupons largely around the 7.4% mark.
It also raised CNY1 billion in 270-day maturity paper on 26 October, which attracted a 6.5% coupon.
In the USA bond market, it reportedly closed a $100 million bond in late October that attracted a 12% coupon.
Source: Cirium Dashboard
