Qantas sells $300m of senior notes

Proceeds from the Deutsche Bank managed bond sale will be used to repay shorter-term debt to improve the airline's gearing profile.

Qantas Airways (QAN) has sold $300 million of eight year, senior, unsecured fixed rate notes. The proceeds will be used to repay debt due in 2016.

The bonds, due May 19, 2022, carry a 7.75% annual coupon and their spread is at a semi quarterly asset swap plus 400 basis points, a pricing sheet emailed to Data Room said. Australia’s biggest airline wanted to sell at least $100m of debt.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles