Aviation Media Logo

NEWS Last modified on December 7, 2015

Financial institutions backing Hong Kong International Airport

Hong Kong International Airport's operator today signed a five-year, HK$5 billion revolving credit facility with 21 local and international banks.

According to Airport Authority Hong Kong (AAHK), the finalised all-in pricing of 80 basis points over Hong Kong Inter-Bank Offered Rate (HIBOR) represents the lowest interest rate among club or syndicated bank loan deals with the same tenor over the past 48 months in Hong Kong market.

The facility will be used for general corporate purposes.

Commenting on the facility, AAHK's chairman Jack So Chak-kwong said: “We are encouraged by the overwhelming response the airport authority has received from the global financial community.

"Our credit facility was oversubscribed 3.4 times, with 21 banks contributing towards a total initial commitment of HK$17.01 billion.

"These figures stand as a testament to the financial world’s confidence in the airport authority, our fiscal strength and the long-term prospects of Hong Kong International Airport.”

He added: “The success of this revolving credit facility will also lay a solid foundation for financing the Three-runway System. 

"HKIA beats at the heart of Hong Kong’s economy, and its expansion into a 3RS will bring tremendous social and economic benefits. 

"With the backing of the financial community, and the support of our partners and the airport community, we are confident that we can overcome any issues. This credit facility represents the global banking community’s faith in Hong Kong’s future, and the continued bright prospects of our city and our airport.”

Participating banks include:

Mandated Lead Arrangers and Bookrunners
Australia and New Zealand Banking Group Limited 
Mizuho Bank, Ltd. 
Bank of China (Hong Kong) Limited 
The Bank of Tokyo-Mitsubishi UFJ, Ltd. 
China Development Bank Corporation Hong Kong Branch 
The Hongkong and Shanghai Banking Corporation Limited 
Industrial and Commercial Bank of China (Asia) Limited 
Canadian Imperial Bank of Commerce 
Citibank N.A., Hong Kong Branch 
Commonwealth Bank of Australia 
Hang Seng Bank Limited 
Scotiabank (Hong Kong) Limited 
Standard Chartered Bank (Hong Kong) Limited 
Sumitomo Mitsui Banking Corporation


Share on social media


Joe Bates

Written by


Article Options

Latest from Joe Bates

Related items

Get the Airport World Newsletter!

Follow us on Twitter

8802 peoples are following airportworldmag