Airport Authority Hong Kong launched a HK$19 billion ($2.42 billion) three-tranche note sale to refinance debt, fund capital spending including the three-runway system project, and cover general corporate purposes, according to a term sheet seen by Reuters on Tuesday.
The statutory body, which runs Hong Kong's airport and is wholly owned by the Hong Kong government, launched HK$10 billion of three-year notes, HK$6.5 billion of five-year notes and HK$2.5 billion of 10-year notes, the term sheet showed.
Launch yields were set at 2.90% for the three-year tranche, 2.97% for the five-year and 3.38% for the 10-year tranche.
Airport Authority Hong Kong did not immediately respond to an email request seeking comment on Tuesday.