Allen & Overy advises on Airport Authority Hong Kong’s inaugural Reg S/Rule 144A bond issuance
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Madhu Mirpuri
Senior Marketing and Communications Manager
Hong Kong
09 February 2021
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.