Airport Authority Hong Kong (AA) today announced its dual-tranche debt securities offering of US$1.5 billion, split between US$750 million non-call 5.5-year and US$750 million non-call 7.5-year perpetual capital securities. The transaction marks the Airport Authority's first foray into the perpetual bond market, which is also the first US dollar senior perpetual offering in the public bond market from an airport globally. The proceeds from the securities will be used to fund AA’s capital … [Read more...] about HK Airport Authority prices maiden US$1.5 billion perpetual bonds
Asia-Pacific airports
Asia-Pacific ekes out 1.4% cargo growth in May
Airports in the Asia-Pacific region reported marginal increases in total air freight of +1.4 per cent in May 2016 whereas the Middle East reported moderate growth at +3.3 per cent. The global trade growth remained sluggish and the cargo load factor continued to exhibit weakness, the Airports Council International (ACI) said in its latest statistical release. The top three freight hubs in the Asia-Pacific all delivered mild increase/ declines from last year: Hong Kong (HKG) -1.1 per cent, … [Read more...] about Asia-Pacific ekes out 1.4% cargo growth in May
