HK airport 'readies bond issuance worth up to US$1.5b’


People wear facemasks as a precautionary measure against coronavirus infection, as they walk near the check in counters at Hong Kong International Airport on March 24, 2020. - AFP

HONG KONG (Reuters): The operator of Hong Kong’s main airport is aiming to raise as much as US$1.5 billion via bond issuance to help fund the construction of a third runway, two sources with direct knowledge of the matter said.

Calls with investors started on Wednesday (Jan 27) for the Airport Authority Hong Kong deal which consists of 10-year and 30-year US dollar denominated unsecured notes, a term sheet showed.

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Hong Kong , airport , bonds

   

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