Hong Kong airport authority signs $4.5bn facilities, including for 3RS project
The Airport Authority of Hong Kong has signed five-year HKD35 billion ($4.5 billion) loan facilities with 21 local and international banks.
The facilities comprise a term loan tranche of HKD17.5 billion and a revolving credit facility tranche of the same amount. The all-in pricing of 82 basis points over Hong Kong Inter-Bank Offered Rate is among the lowest interest rate for club or syndicated bank loan deals with the same tenor since the outbreak of COVID-19.
The facilities - launched at HKD20 billion - will be used for funding authority’s capital expenditure, including the Three-Runway System project, and for general corporate purposes.
China Development Bank Hong Kong Branch was Mandated Lead Arranger, Bookrunner and General Advisor.
Mandated Lead Arrangers, Bookrunners and Coordinators were Bank of China (Hong Kong) Limited, Sumitomo Mitsui Banking Corporation, Australia and New Zealand Banking Group, The Hongkong and Shanghai Banking Corporation, and Standard Chartered Bank (Hong Kong).
Mandated Lead Arrangers and Bookrunners were Industrial and Commercial Bank of China (Asia), Bank of Communications (Hong Kong Branch).
Mandated Lead Arrangers were Agricultural Bank of China (Hong Kong Branch), and Citi.
Lead Arrangers were Chiyu Banking Corporation, Bank of Nova Scotia, Hong Kong Branch; Credit Agricole Corporate and Investment Bank, China Everbright Bank (Hong Kong Branch), CMB Wing Lung Bank, Dah Sing Bank, DBS Bank, Hang Seng Bank, Mizuho Bank, Oversea-Chinese Banking Corporation, and Shanghai Commercial Bank.
