Hong Kong’s Airport Authority is aiming to raise up to $4 billion in a multi-tranche dollar bond offering, according to two sources with direct knowledge of the matter.
Raising up to $4 billion will be a major test of investor sentiment towards the airport which has been hit by an increasing number of flight bans ordered by the Hong Kong government as part of its pandemic restrictions.
The authority last year reported a HK$4.4 billion ($564.21 million) loss for the 2020-2021 financial year ended March, the most recent publicly available numbers.
Read more/Source: Reuters
