China Eastern Airlines unit seeks OK to sell up to RMB 8 billion bonds

By Susanna Moon

Chicago, June 13 - China Eastern Airlines Corp. Ltd.'s subsidiary Eastern Air Overseas (Hong Kong) Corp. Ltd. may issue up to RMB 8 billion of bonds in one or more tranches of up to five years depending on market conditions, according to a 6-K filing with the Securities and Exchange Commission.

Proceeds will be used for corporate daily operations.

The company will hold a shareholder meeting June 29 to secure approval for the issue.

China Eastern is an air carrier based in Shanghai.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.