Allen & Overy advises on Airport Authority Hong Kong’s debut perpetual capital securities
17 December 2020
Allen & Overy has advised the joint lead managers in connection with the dual tranche issue of USD1.5 billion perpetual capital securities by the Airport Authority Hong Kong (AAHK).
This is AAHK’s first perpetual bond offering and first US dollars senior perpetual offering in the public bond market from an airport globally. The issuance comprises a USD750 million non-call 5.5-year senior perpetual capital securities and a USD750 million non-call 7.5-year perpetual capital securities.
The Allen & Overy team advised HSBC, Standard Chartered Bank, UBS, BofA Securities, Bank of China and Mizuho Securities as the joint lead managers and comprised partners John Lee and Agnes Tsang supported by Joel Lam, Jiayin Yu and Erica Lo.
The information contained herein is restricted and is not for publication, distribution or release in or into the United States of America, Australia, Canada, Japan or South Africa. This announcement is not an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or any other jurisdiction. The securities referred to herein (the “Securities”) have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not, subject to certain exceptions, be offered or sold in the United States or to or for the account or benefit of a person located in the United States