Travel Industry News at TravelNewsAsia.com since 1997. Interviews, podcasts, videos, pictures and more
Wed, 24 June 2020

Hong Kong's Airport Authority Signs HK$35 Billion Loan Facilities with 21 Banks

The Airport Authority of Hong Kong has signed five-year HK$35 billion (over US$4.5 billion) loan facilities with 21 local and international banks.

The facilities comprise a term loan tranche of HK$17.5 billion and a revolving credit facility tranche of the same amount.

The all-in pricing of 82 basis points over Hong Kong Inter-Bank Offered Rate (HIBOR) is among the lowest interest rates for club or syndicated bank loan deals with the same tenor since the outbreak of COVID19.

The facilities will be used for funding the Airport Authoritys capital expenditure, including that of the Three-Runway System (3RS) project and for general corporate purposes.

AA Chairman Jack So (front row, third left), AA CEO Fred Lam (front row, second right), representatives of General Advisor and Coordinators attend the signing ceremony of loan facilities. Bank representatives (Front row, left to right) Yoshiyuki Ogata (Sumitomo Mitsui Banking Corporation), Wang Wuping (China Development Bank Hong Kong Branch), Wang Bing (Bank of China (Hong Kong) Limited). (Back row, left to right) Deborah Leershen (The Hongkong and Shanghai Banking Corporation Limited), Simon Ireland (Australia and New Zealand Banking Group Limited), Helen Hui (Standard Chartered Bank). Click to enlarge.

The Airport Authority launched the facilities at HK$20 billion, but increased the amount of the facilities to HK$35 billion after receiving such a positive response from the banks.

Jack So, Chairman of the Airport Authority said, We are very pleased with the financial communitys overwhelmingly positive response towards our term and revolving credit facilities amidst the coronavirus pandemic. This support demonstrates their confidence in the Airport Authority and the long-term development prospects of Hong Kong International Airport. Much more than a financial instrument, the facilities represent the global banking communitys faith in Hong Kongs future. The pandemic crisis has not distracted us from our long-term vision of securing the airports position as a leading international aviation hub, for which the development of the 3RS holds the key. The project is progressing well, and we are on track to commence operation of the third runway in 2022 and the entire 3RS in 2024.

Participating banks include:

Mandated Lead Arranger, Bookrunner and General Advisor
China Development Bank Hong Kong Branch
Mandated Lead Arrangers, Bookrunners and Coordinators
Bank of China (Hong Kong) Limited
Sumitomo Mitsui Banking Corporation
Australia and New Zealand Banking Group Limited
The Hongkong and Shanghai Banking Corporation Limited
Standard Chartered Bank (Hong Kong) Limited
Mandated Lead Arrangers and Bookrunners
Industrial and Commercial Bank of China (Asia) Limited
Bank of Communications Co., Ltd. Hong Kong Branch
Mandated Lead Arrangers
Agricultural Bank of China Limited Hong Kong Branch
Citi
Lead Arrangers
Chiyu Banking Corporation Limited
The Bank of Nova Scotia, Hong Kong Branch
Crdit Agricole Corporate and Investment Bank
China Everbright Bank Co., Ltd., Hong Kong Branch
CMB Wing Lung Bank Limited
Dah Sing Bank, Limited
DBS Bank Ltd.
Hang Seng Bank Limited
Mizuho Bank, Ltd.
Oversea-Chinese Banking Corporation Limited
Shanghai Commercial Bank Ltd.

See latest Travel News, Video Interviews, Podcasts and other news regarding: COVID19, HKIA, Hong Kong.

Headlines: Korean Air Expands Baggage Notification / Tracking Service  Cathay Pacific Carried Just 39,989 Passengers in December  Finnair Demands Negative COVID19 Test Results; Resumes UK Flights  Thai AirAsia X Offers Unlimited Changes or Credit to Japan, Korea Ticket Holders  Etihad Airways to Resume Flights to Doha, Qatar  airBaltic Establishes Maintenance Training Organization  Boeing Sets 2030 as Sustainable Fuels Target for Commercial Airplanes  Airbus Flightlab Testing Tomorrow's Aviation Technologies  Marriott Signs First Ritz-Carlton Ski Resort in Europe  BBAM Orders 6 Boeing 737-800 Converted Freighters  UK Court Gives Malaysia Airlines Green Light for Creditors Meeting  Airbus Revises Aircraft Production Rates  IHG Signs First Kimpton Hotel in France  Iberia and Qatar Airways Expand Codeshare Agreement  Turkmenistan Airlines Orders Two Airbus A330-200P2F  Convert Nectar Points into Avios and Vice Versa  Westin Grand Hotel Rebrands as the Hilton Vancouver Downtown  Minor Hotels Partners Funyard for China Expansion  Singapore Airlines Resumes Thrice Weekly Flights to Munich  Qatar Airways to Resume Atlanta Flights; Increase Frequencies to USA  Accor Opens First Movenpick Hotel in Australia  FlyArystan to Launch Five New Routes  Avani Opens Third Hotel in Dubai  50-Room Mantra Hotel Opens in Traralgon, Australia  UK Orders Future Target Acquisition Solution from Elbit Systems  ATPCO Buys SITA's Fare Management System, Airfare Insight  SIA Launches One-Stop Online Solution for COVID19 Pre-Departure Testing  Ultra-Trail World Tour Launches 2021 Season with New Race Format  Volkert Geertsen Appointed GM of sala Bang Pa-in, Thailand  United Airlines Appoints Doreen Burse as SVP - Worldwide Sales  Emirates Starts Vaccinating Staff; Priority Given to Cabin Crew, Pilots etc.  Ovolo Southside in HK Upgrades Food and WiFi for Quarantine Guests  WTTC Looking Forward to a Strong Summer of Travel  Banyan Tree Krabi Opens Spa with Hydrotherapy Facility  Marriott to Open 100 Hotels in Asia Pacific in 2021  Emirates Expected to Implement IATA Travel Pass Phase 1 in April  Air Canada to Resume Boeing 737 MAX Flights on 1 February  Air New Zealand Extends International Schedule to End-June  Etihad Airways to Trial IATA Travel Pass in Q1  Four Seasons Beirut Appoints Georges Ojeil as GM  IATA Supports EU COVID19 Vaccination Certificate Proposal  Negative COVID19 Test Required for Travel to UK  Air New Zealand to Study Effectiveness of Saliva Testing in Detecting COVID19  Executive Appointments at Wyndham Hotels & Resorts in Asia Pacific  Four Seasons Toronto Appoints Mary Ann Gamboa as Director of Marketing  First Grand Hyatt Hotel in Saudi Arabia Soft Opens  Lynne Doughtie Joins Boeing's Board of Directors  Hong Kong Rugby Union to Transition Elite Programme in June  Qatar Airways Receives 5-Star COVID19 Airline Safety Rating  Hong Kong Int. Airport Handled Just 8.8 Million Passengers in 2020  Rosewood Signs Very Special Property in Rome, Italy  Cathay Pacific Develops Solution for Vaccine Distribution  Fiji Link Launches Mobile Boarding Passes at Nadi, Suva and Labasa  Latitude 33 Takes Delivery of New Challenger 350 Business Jet  Mesa Opens New Maintenance Hangar at Beja Airport in Portugal  Bangkok Airways Revises Operating Hours of Airports in Thailand  Four Seasons Philadelphia Appoints Charles Lasvigne as Hotel Manager  Singapore Airlines Raises US$500 Million via USD Bond  British Airways Partners Globe-Trotter for 150 Handmade Suitcases  Four Seasons Appoints Albert Au as Executive Chef of Jiang-Nan Chun  All Nippon Helicopters' Airbus H160 Performs Maiden Flight  Travelport Expands Digital Media Solutions with TravelFlan Partnership  Atlas Air to Buy Last Four Brand New Boeing 747 Airplanes  Air Canada to Layoff 1,700 More Employees; Reduces Q1 Capacity  Etihad Airways Launches Children Travel for Free Promotion  Accor Signs First 25hours Hotel in Sydney, Australia  Gordon Ramsay Partners Sunway for First Restaurant in Malaysia  New COVID19 Variants Don't Change the Rules of the Game  Green Light for American Airlines, JetBlue Alliance  DHL Invests in New 13,000㎡ Facility in South Africa  FlyArystan Carried 1.5 Million Passengers in 2020  Dassault Aviation Expands MRO Options  Navy in Asia Pacific Orders Seagull USVs for MCM Operations  Korean Air Receives 5-Star Rating from APEX  IHG Signs Second Crowne Plaza Hotel in Danang, Vietnam  Ascott Reports Record Year; Adds Over 14,200 Units in 71 Properties  Executive Appointments at Delta Cargo  Jeju Air Renews Distribution Agreement with Sabre  Finnair Launches One-Way Fares on Domestic and Intra-Europe Flights  Scandinavian Airlines' President and CEO Resigns  Qatar Airways Resumes Flights to Riyadh, Saudi Arabia  SAS Carried Almost 400,000 Passengers in December  Marriott Signs Dual-Branded Property in Saigon, Vietnam  Cathay Pacific Adds WhatsApp to Customer Service Options  Mandarin Oriental Hong Kong to Complete Renovation on 1 February  Four Seasons Napa Valley to Open Early-Spring  Israir to Dry Lease Etihad's Full-Flight Simulators  Airbus Delivered 566 Commercial Aircraft to 87 Customers in 2020  Tom Kerridge Upgrades Culinary Options on BA's Short Haul Flights  Nicola Russo Joins Capella Ubud as Executive Chef  Aviation: Recovery in Passenger Demand Grinds to a Halt in November  Singapore Airlines Extends PPS Club and KrisFlyer Elite Statuses  Langham Opens Cordis Hotel in Hangzhou, China  Air Cargo Demand Continues to Improve; Capacity Remains Constrained  Assa Abloy Upgrades Hotel Room Locks at Hilton Surfer's Paradise  St. Regis Hotel Opens in Cairo, Egypt  Korean Air Upgrades App and Website  Marriott Opens 55-Room Boutique Hotel in Lucca, Italy  Four Seasons Seychelles Reopens for Private Retreats  Hyatt Opens First Regency Hotel in Cambodia  Bangkok Airways Closes Lounges, Reduces Flights and Delays Launches  Qatar Airways Increases Flights to São Paulo, Brazil  Asia Pacific Airlines Carried Just 1.4 Million Int. Pax in November  Korean Air Delays Changes to SkyPass FFP; Extends Mileage Validity  STR Appoints Isaac Collazo as Vice President of Analytics  IHG Opens Second voco Hotel in France  Cathay Pacific to Operate Number of Flights to London Heathrow  Hong Kong Extends Airport Relief Package  Cathay Pacific Cargo Launches Flights to Riyadh, Saudi Arabia  Marriott Expands JW Brand to Australia with New Gold Coast Hotel  Alaska Airlines Orders More Boeing 737-9 Aircraft  Japan Airlines and Qantas to Form Joint Business  Bombardier Completes Acquisition of Service Centre in Berlin  Aircalin Takes Delivery of First Airbus A320neo  Etihad Airways Launches Charter and Special Flight Services  Shangri-La Offers Free COVID19 Insurance at Hotels in Singapore  Qatar Airways Takes Delivery of 53rd Airbus A350 Aircraft  Lenen Mar A. Porras Joins Cambodia's Dara Hotels Group  Emirates Celebrates Launch of Premium Economy Class with Free Upgrades  Bombardier Receives Firm Order for 10 Challenger 350 Aircraft  Linda Hemels Joins Capella Singapore as EAM - Food & Beverage  Will British & Irish Lions' Tour of South Africa Go Ahead?  Qatar Airways Cargo Takes Delivery of Three More Boeing 777 Freighters  Four Seasons Returns to Bangkok with Brand New Hotel on the River  ASEAN Tourism Forum 2021 Postponed Until January 2022  HD Videos and Interviews  Podcasts from HD Video Interviews  RSS News Feed and Ticker  Travel Trade Shows in 2020 and 2021  High-Res Picture Galleries  Travel News Asia - Latest Travel Industry News 

Receive our Latest Travel News Daily Email free of charge by entering your email address and name in the boxes to the right and clicking subscribe. You can also receive the news by WhatsApp, stay updated with our RSS Feed Free Travel News RSS Feed, and even Add the Headlines to Your Website free of charge. Have questions? Please read our travel news FAQ.

     
Advertising
Advertising
Copyright © 1997-2021 TravelNewsAsia.com