(Hong Kong, 29 April 2026, 1700hrs) – Airport Authority Hong Kong (AAHK) announces that it has successfully priced HKD19 billion Multi-Tranche Senior Notes Offering in Hong Kong dollars (HKD) (the “Notes”). The Notes are issued in Regulation S format under AAHK’s U.S.$20 billion Medium Term Note Programme. The offering comprises of:
The Notes offering was priced on 28 April 2026.
The Notes were well received by investors including sovereign wealth funds, asset managers, corporations, banks and insurance companies, with combined peak orderbook over HKD55 billion, representing a subscription rate of 2.9 times.
AAHK successfully raised the amount of financing it targeted and will use the net proceeds from the issues of the Notes to refinance existing indebtedness, to fund its capital expenditure, and for other general corporate purposes. AAHK is dedicated to delivering a world-class airport experience and contributing to the economic development of Hong Kong and the region.
Vivian Cheung, Chief Executive Officer of AAHK said, “The successful HKD bond issuance amid market uncertainty highlights Airport Authority’s strong credit standing. Airport Authority is committed to strengthening its balance sheet and reinforcing Hong Kong’s status as a premier international aviation hub.”
Subject to the satisfaction of certain conditions precedent, the Notes are expected to be issued on 6 May 2026 and listed on The Stock Exchange of Hong Kong Limited.
Each of the Notes is expected to be rated “AA+” by S&P Global Ratings.
The Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers for the Notes are ANZ, Bank of China (Hong Kong), Crédit Agricole CIB, HSBC, Standard Chartered Bank, UBS; and the Joint Bookrunners and Joint Lead Managers for the Notes are BofA Securities, BNP PARIBAS, Citigroup, DBS Bank Ltd., ICBC (Asia), J.P. Morgan and Mizuho.
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