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Access here alternative investment news about Update 2-hna Affiliate Hainan Airlines Raises $100M Bond, Pays 12 Pct | Reuters
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Update 2-hna Affiliate Hainan Airlines Raises $100M Bond, Pays 12 Pct | Reuters

by reuters.com posted 7months ago 38 views
* Only 3 similar tenor bonds this yr in Asia have paid more (Adds sourcing on pricing details): HONG KONG, Oct 24 (Reuters) - HNA-affiliated Hainan Airlines - China’s fourth-largest carrier - has sold $100 million in two-year U.S. dollar bonds carrying a 12 percent coupon, in a sign of the financing strains felt by units of the indebted Chinese conglomerate. The deal comes as HNA Group is in the process of selling some $20 billion of assets, according to Reuters calculations and media reports, following a $50 billion acquisition spree.

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