Second bond issuance for Qantas

Local news reports suggest that Qantas intends to issue a second round of high-yield bonds to raise $100 million to help pay down debt. The move follows it first issuance of $300 million eight-year bonds in May. The new issuance features seven-year notes, due 2021, with price set at 385 basis points over the swap rate. Deutsche Bank is managing the sale.