Qantas has hired Citi, CBA, Westpac and NAB to tap the bond market in an issue that is expected to be worth more than $400m.
The plans were unveiled Monday, where the national carrier told participants in the bond market it would refinance medium term notes due in 2021.
The plan is to issue 7- year bonds and or 10-year bonds.
Qantas currently has $400m worth of 7.5- year bonds due in 2021.
It comes after Qantas dived to a $2.7 billion loss for the 2020 financial year due to the global COVID-19 pandemic that has halted most international and domestic air travel.
Its shares have fallen from more than $7 at the start of the year to just under $3.80.
The airline has also shed 6000 workers including Qantas International chief executive Tino La Spina, with the departure announced Monday.
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