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(Reuters) -Air New Zealand Ltd said on Wednesday it would raise NZ$2.2 billion ($1.53 billion) to shore up its pandemic-hit balance sheet and repay a government-liquidity package of NZ$2 billion as New Zealand's international border reopens.
The equity capital raise will be conducted via a deeply-discounted rights issue and redeemable shares raising NZ$1.8 billion, of which NZ$850 million will be used to repay outstanding debt owed to the New Zealand government, which owns 51.9% of the airline....
>>> Read more: Air New Zealand to launch $1.5 billion recapitalisation as borders set to reopen
The equity capital raise will be conducted via a deeply-discounted rights issue and redeemable shares raising NZ$1.8 billion, of which NZ$850 million will be used to repay outstanding debt owed to the New Zealand government, which owns 51.9% of the airline....
>>> Read more: Air New Zealand to launch $1.5 billion recapitalisation as borders set to reopen
