Crédit Agricole CIB supports the largest-ever HKD public bond offering in the market by the Airport Authority Hong Kong

Acting as the Joint Global Coordinator, Joint Lead Manager and Joint Bookrunner for the HK$19 billion multi-tranche senior notes offering, Crédit Agricole CIB supported the Airport Authority Hong Kong in raising the capital they need for primarily:

• Refinancing of existing debt
• Funding its capital expenditure, and for other general corporate purposes. 

This largest-ever HKD public bond offering attracted strong demand from investors with a 2.9x subscription rate as HKD continues to play its role as a safe-haven funding currency amid global market uncertainty and portfolio rebalancing trends by investors.

Established in 1995 and wholly owned by the Hong Kong SAR Government, the Airport Authority Hong Kong is responsible for the operation and development of Hong Kong International Airport, which is one of the world’s leading airports with a comprehensive air network connecting over 220 destinations worldwide.

Capitalising on its expertise in HKD debt capital markets and profound understanding of the local market dynamics, the Bank has been actively participating in Hong Kong corporates fund raising deals including the recent HKD bond issuance by MTR Corporation (read more Will open in a new tab ).