Hong Kong, Feb. 9 -- Cathay Pacific Group has published the offering circular for its sale of convertible bonds in a regulatory filing to the Stock Exchange of Hong Kong. Read More The bond sale, announced last month, aims to raise HK$6.74 billion (US$869 million) in gross proceeds, with the funds to be used for "general corporate purposes". "Cathay Pacific may adjust the foregoing plans in response to changing market conditions and thus, reallocate the use of the proceeds," the offering circular said. The five-year convertible bonds, that will mature in February 2026, have a coupon rate of 2.75%, with interest payable semi-annually, and an initial conversion price of HK$8.57 a share.
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