BAE Systems to raise $1.3 billion in debt to fund pension deficit

(Reuters) - Britain's BAE Systems is looking to raise $1.3 billion in debt to fund its pension deficit and repay related loans, the company said on Wednesday, as it prepares to deal with the fallout of the coronavirus outbreak.The company had said in February it will pay off 1 billion pound by raising debt in the coming months. Its pension deficit was 1.9 billion pounds at the end of October last year. The maker of Typhoon fighters, combat vehicles and Astute Class nuclear-powered attack..