By Wendy Van Sickle
Columbus, Ohio, Dec. 8 – Airport Authority applied to list $1.5 billion of perpetual capital securities on the Stock Exchange of Hong Kong Ltd., according to a notice.
The securities were issued in two $750 million trances. The series A tranche has a 2.4% initial distribution rate, and the series B tranche has a 2.1% initial distribution rate.
HSBC, Standard Chartered Bank and UBS are the joint global coordinators and are joined as bookrunners and lead managers by BofA Securities, Bank of China and Mizuho Securities.
The issuer is a statutory body corporate established in Hong Kong under the Airport Authority Ordinance.
| Issuer: | Airport Authority
|
| Amount: | $1.5 billion
|
| Maturity: | Perpetual
|
| Securities: | Capital Securities
|
| Bookrunners: | HSBC, Standard Chartered Bank, UBS, BofA Securities, Bank of China and Mizuho Securities
|
| Listing date: | Dec. 9
|
|
|
| Tranche A
|
| Amount: | $750 million
|
| Coupon: | 2.4%
|
|
|
| Tranche B
|
| Amount: | $750 million
|
| Coupon: | 2.41%
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
