China Eastern Issues Bonds To Buy Planes

 

China Eastern Issues Bonds To Buy Planes

China Eastern Issues Bonds To Buy Planes

China Eastern Airlines said it planned to issue up to CNY8.8 billion yuan (USD$1.4 billion) worth of corporate bonds in China, raising capital to fund the purchase of aircraft and to re-finance bank loans at a lower cost.

In a filing to the Hong Kong bourse, the airline, one of China’s top three carriers, said the bonds will have a maturity of up to 10 years.

(Reuters)



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