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Cathay Pacific nabs $650m on first US dollar bond since 1996

Hong Kong carrier's offering attracts bids worth about $1.5bn

A Cathay Pacific cargo craft flies over Hong Kong International Airport. The coronavirus pandemic left 92 of the carrier's passenger planes parked in Australia and Spain.   © Reuters

HONG KONG -- Cathay Pacific Airways raised $650 million from its first U.S. dollar-denominated bond sale in almost three decades, as the Hong Kong flag carrier shores up its finances.

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