Thursday, January 21, 2021

Tag: Boeing ‘Floats Bond Offering’ to Investors to Raise Funds Amid Corona Crunch

Boeing ‘Floats Bond Offering’ to Investors to Raise Funds Amid Corona Crunch

from Sputnik News:

The Chicago-based aerospace giant is understood to be seeking ways to restore its funding deficit, as the persisting pandemic has drastically pushed down demand for passenger air travel.

Boeing is working with investment banks to potentially market an offering to bond investors in the coming days conditioned upon the market being favourable for the offering, Reuters reports citing three sources. No exact timing and size of the deals are understood to have been decided yet, with one source claiming the proceeds could amount to over $10 billion.