Qantas has raised $425 million of long-term debt. The Australian flag carrier raised $250 million of seven-year bonds in the Australian bond market, paying a margin of 2.58 percentage points over the bank rate, or 4.4625%. The airline also raised $175 million issuing a 10-year bond at a margin of 2.90 percentage points at 2.80 percentage points over the bank rate, with a coupon of 4.75%. Bookrunners were ANZ, Deutsche Bank and HSBC. These deals mark the turn of Qantas to the bond market after it shed its junk status. Standard & Poor’s upgraded Qantas to BBB-minus in November 2015
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