The offering highlights the rising appeal of public bonds denominated in Hong Kong dollars, a market long dominated by private placements, as geopolitical tensions and the currency’s peg to the US dollar boost investor demand.
(April 27): Hong Kong’s airport operator plans to raise at least HK$15 billion (US$1.9 billion or RM7.5 billion) from its only public bond sale this year, according to people familiar with the matter, adding to a surge in debt sales denominated in the city’s currency.
Airport Authority has hired investment banks for the issuance and plans to price the multi-tranche deal as early as Tuesday, the people said, asking not to be identified discussing private matters.
