Tuesday Oct 07 2008
All times are Beijing time
All times are Beijing time
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Airline debt sale
Published: Oct 07, 2008
China Southern Airlines Co, the nation's largest carrier, plans to sell 2 billion yuan (US$292 million) of one-year debt to fund operations and repay loans.
The airline will issue the commercial paper next Monday. China Southern will use 40 percent of the proceeds for operations and the remainder to repay bank loans, it said.
The airline will issue the commercial paper next Monday. China Southern will use 40 percent of the proceeds for operations and the remainder to repay bank loans, it said.
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