Qantas in AUD $500 million unsecured bond issue

Qantas has issued an AUD $500 10-year unsecured bond issue after holding talks with potential investors last week. The bonds were priced at 5.25%, lower than a number of other carriers which have recently accessed capital markets. The airline said in a statement that the 10-year issue was oversubscribed. The interest rate is higher than its last pre-COVID 19 issue –  a A$425 million, 10-year bond with a coupon of 2.95% in November. The latest bond was expected to be rated by Moody’s at Baa2 with a negative outlook, according to the marketing materials seen by Reuters. The Australian carrier