China CITIC Bank Corporation Limited (0998.HK)

Hong Kong airport authority's US$640 million retail bonds to fund new runway prove popular with investors in boost for city's aviation hub ambitions

Airport Authority Hong Kong's (AAHK) HK$5 billion (US$640 million) retail bonds, the first for the general public by the city's airport operator in 20 years, received overwhelming response from investors. The 4.5 per cent, 2.5-year bonds were oversubscribed more than three times, logging HK$15.69 billion from 175,178 applications. The Hong Kong government's 4.75 per cent, three-year green bonds last September attracted a record 321,018 subscriptions totalling HK$30 billion, exceeding the HK$20 b