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Allen & Overy advises on Airport Authority Hong Kong’s inaugural Reg S/Rule 144A bond issuance

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Lee John
John Lee

Registered Foreign Lawyer, E&W

Hong Kong

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Tsang Agnes
Agnes Tsang

Partner

Hong Kong

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Stathopoulos Alexander
Alexander Stathopoulos

Partner

Singapore

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Mirpuri Madhu
Madhu Mirpuri

Marketing and Communications Manager

Hong Kong

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09 February 2021

Allen & Overy has advised the joint lead managers on Airport Authority Hong Kong’s (AAHK) first bond issuance under Regulation S/Rule 144A. 

The USD1.5 billion dual-tranche senior notes offering consists of USD900million 1.625% senior notes due 2031 (the 10-year tranche) and USD600m2.625% senior notes due 2051 (the 30-year tranche). In addition to being AAHK’s first Reg S/Rule 144A issuance, AAHK has set a number of new records on this transaction: the 10-year tranche represents the lowest yielding US dollar bond and the 30-year tranche is the longest dated US dollar bond that AAHK has issued. Allen & Overy is delighted to have advised on this landmark transaction of AAHK. 

The Allen & Overy team was led by partners John Lee, Agnes Tsang and Alex Stathopoulos with support from Joel Lam, Jiayin Yu, Gordon Ng and Tina Tang.

 

Disclaimer: 
The information contained herein is restricted and is not for publication, distribution or release in or into the United States of America, Australia, Canada, Japan or South Africa.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.