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AAHK Plans to Issue HKD, RMB Bonds, Rated AA+ by S&P: Wire
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The Airport Authority Hong Kong (AAHK) is planning to issue up to HKD22 billion in bonds and up to RMB4 billion in bonds, a foreign news agency reported, citing two people familiar with the matter. The AAHK’s planned transactions include 3-year, 5-year, 10-year and 30-year HKD bonds, involving a total of HKD18.5 billion, transaction documents revealed. Besides, it includes 10-year and 30-year RMB bonds. The bonds are rated “AA+” by S&P Global Ratings long-term issuance. The net proceeds from the issuance of the bonds are intended to be used for refinancing of existing debt, capital expenditures (including capital expenditures on the three-runway system) and other general corporate purposes. AAStocks Financial News |
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