Qantas Airways confirms USD368m unsecured bond issue

1 September, 2020

Qantas Group confirmed (01-Sep-2020) a 10 year AUD500 million (USD368.8 million) unsecured bond issue as part of ongoing management of its debt maturity profile. Once settled, the proceeds will strengthen short term liquidity and then be used to pay AUD400 million (USD295.1 million) in bonds due to expire in Jun-2021. The coupon for the new bond, which was oversubscribed, is 5.25%, significantly lower than the 7.5% funding it replaces. The Group continues to have no financial covenants on any of its debt. [more - original PR]