Philippine Airlines raised USD 300 million through its first international bond offering to support network expansion and fleet modernization.
The five-year bond issue attracted more than USD1.4 billion in investor demand, making it about 4.5 times oversubscribed.
PAL said the proceeds will help expand international routes and strengthen its long-term growth plans following its financial turnaround.
The offering is the first rated high-yield bond issued by a Philippine company in more than a decade and the first unsecured rated high-yield debt from an Asian airline.
The transaction is scheduled to be completed on July 16, and the bonds will be listed on the Singapore Exchange.
Source: PhilNews24 | July 9, 2026
PAL COMPLETES $300-MILLION DEBT SALE AMID STRONG INVESTOR DEMAND
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