Cebu Pacific operator secures $250M from convertible bonds By JON VIKTOR D. CABUENAS, GMA News Published May 10, 2021 12:34pm The operator of budget carrier Cebu Pacific has secured some $250 million from the issuance of convertible bonds to private equity investors, the company announced Monday. In a regulatory filing, Cebu Air Inc. said the investments were in the form of convertible bonds, coming from IFC, the IFC Emerging Asia Fund managed by the IFC Asset Management Company, and Indigo Partners which is focused on worldwide investments in air transportation. Cebu Air said the investment will provide the company with a longer liquidity runway to boost its buffers to withstand the effects of the pandemic until economic activity and travel demand recover.