HK's airport raises US$1.5b in bond sale to fund third runway

HONG KONG (Reuters): The operator of Hong Kong’s main airport has sold bonds for US$1.5 billion to fund development of a third runway, its first deal offering US-based investors the opportunity to participate.

Airport Authority Hong Kong said in a statement it had raised US$900 million in 10-year notes and US$600 million in 30 year bonds, the longest paper it has issued.