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The Airport Authority of Hong Kong (AAHK) has conducted a record bond sale, raising HK$18.5 billion (US$2.4 billion). This transaction marks the largest bond offering ever in Hong Kong dollars and underscores the financial center's efforts to fund infrastructure projects amid economic challenges. Bloomberg reported that the deal was finalized late Tuesday.
The bond offering consisted of four tranches with maturities spanning three, five, ten, and thirty years. The yields were set at 4.05%, 4.10%, 4.25%, and 4.50% respectively. An unnamed source indicated that demand from Asian investors led to an order book exceeding HK$25.3 billion, involving banks, asset managers, insurers, other companies, and private banks.
Proceeds from the bonds will support regular business operations and finance major projects such as the airport's three-runway system.
