Slaughter and May is advising Cathay Pacific Airways Limited on its proposed repurchase of convertible bonds

Slaughter and May is advising Cathay Pacific Airways Limited on its proposed repurchase of the 2.75% guaranteed convertible bonds due 2026 issued by Cathay Pacific Finance III Limited in a total outstanding principal amount of HK$6,732,000,000, including on its successful application to the Securities and Futures Commission of Hong Kong for a waiver from compliance with the provisions of the Code on Share Buy-backs.

Cathay is listed on the Hong Kong Stock Exchange (stock code: 293) and one of its principal business activities is the operation of scheduled airline services.