A Philippine Airlines aircraft with 85th anniversary livery in flight. (Contributed photo)
MANILA, Philippines — Philippine Airlines (PAL) is increasing its maiden international bond sale by $50 million, days after major aircraft orders with Boeing and Airbus.
In a disclosure on Friday, PAL said its Cayman Islands unit, Primero Agila Ltd., priced the additional $50 million in fixed-rate, five-year senior notes, to be listed on the Singapore Exchange.
READ: PAL raises $300M from int’l bond offer
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