Swire dangles Cathay shares in $600m convertible bond issuance
Companies
Zero-interest fundraising move expected to transfer nearly 6% of airline to bondholders
Hong Kong carrier Cathay Pacific’s controlling shareholder, Swire, is using the airline to raise funds. (Photo by Yuki Kohara)
KENJI KAWASE
June 10, 2026 13:10 JST
Updated on June 10, 2026 18:12 JST
TOKYO — Hong Kong conglomerate Swire Pacific said it will raise around $600 million by issuing a bond exchangeable for shares of its subsidiary, Cathay Pacific Airways.
