Hong Kong airport operator’s retail bonds take off on first day of sales, HSBC and BOCHK say
South China Morning Post
Excerpt
Jan 17, 2024
Airport Authority Hong Kong’s (AAHK) highly anticipated HK$5 billion (US$640 million) retail bonds attracted a huge response when subscriptions opened on Wednesday, banks and brokers said.
In fact, demand for the notes matched the popularity of the Hong Kong government’s green bonds issued in September last year, according to HSBC, Hong Kong’s biggest bank and a co-arranger of the deal.
“Compared to the retail green bond issuance by the Hong Kong government last year, we received a similar volume of customer applications on the first day of subscriptions for the retail bond issued by the Airport Authority,” an HSBC spokesman said. The government’s HK$20 billion retail green bonds attracted 321,018 subscriptions, which raised the final subscription amount to HK$30 billion, according to government data.
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