HKIA considers US$1.5 billion bond sale

The Airport Authority of Hong Kong is considering raising as much as US$1.5 billion in its second dollar-bond offering in two months, according to a Bloomberg News report. The airport operator started gauging investor interest Wednesday (27 January), the report said. The sale said to consist of 10-year and 30-year tranches. The authority last tapped the dollar-bond market in December, drawing strong demand for its US$1.5 billion debut perpetual bond even as passenger air traffic plunged in the wake of the coronavirus pandemic. Passenger traffic at the Hong Kong International Airport tumbled 88 percent in 2020 from a year earlier, while flight movements slumped 62 percent, the authority said earlier. For Editorial Inquiries Contact: Editor Matt Driskill at [email protected] For Advertising Inquiries Contact: Head of Sales Kay Rolland at [email protected]