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Qantas Plans Australia’s First-Ever Issue of Junk-Rated Bonds

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markis10

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Qantas Airways Ltd. (QAN) is planning the first-ever junk-rated bond issue in Australia after it was stripped of its investment grade amid losses.
Australia’s largest airline hired Deutsche Bank AG to arrange a sale of eight-year fixed-rate notes, according to an e-mailed statement from the sale manager. The Australian dollar notes are being marketed to yield about 400 basis points more than the swap rate, three people familiar with the matter said, asking not to be identified because the terms aren’t set.

Qantas Plans Australia
 
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