Airport Authority eyeing $20b syndicated loan issuance

The Airport Authority Hong Kong is looking to issue a syndicated loan of about HK$20 billion after offering one of the largest bonds of around a US$7 billion-equivalent (HK$54.6 billion) in January, according to Bloomberg.

The loan is likely to come in the form of a revolving credit facility with a term of five years.

The borrowing will be used to refinance a HK$35 billion syndicated loan due in June which had funded its three-runway system project, the report said.

Hong Kong International Airport was named the world’s busiest cargo airport in 2024. This is the 14th time it has been cited since it was first recognized as such in 2010, according to AAHK.

HELEN ZHONG