TheTourAttraction.com aims to provide the latest global travel and free travel news, travel and visa policies, and flight information. We hope to provide insights into tourism market, technology and development trends with everyone by providing the latest relevant information. Despite the raging COVID-19 epidemic in 2020, we always firmly believe that mankind will overcome the disease and the tourism market will definitely recover. TheTourAttraction.com look forward to your attention and support, and witness the development of the global tourism industry with us. Looking forward to the information TheTourAttraction.com provide can help you. We will continue to follow up and obtain the latest data, and look forward to your attention and support.
The following is the [Travel News]: Hong Kong airport raises $1.5 billion in bond sale to fund third runway from [Reuters] recommended by TheTourAttraction.com:
Construction of the airport’s third runway is expected to be finished in 2022 and should be fully operational by 2024.
The operator of Hong Kong’s main airport has sold bonds for US$1.5 billion to fund development of a third runway, its first deal offering US-based investors the opportunity to participate.
Airport Authority Hong Kong said in a statement it had raised US$900 million in 10-year notes and US$600 million in 30 year bonds, the longest paper it has issued.
The transaction was the second aviation deal in Hong Kong this week after Cathay Pacific raised US$870 million in five year convertible bonds to help the airline shore up liquidity.
Construction of the airport’s third runway is expected to be finished in 2022 and should be fully operational by 2024, according to the airport’s website.
The project is estimated to cost HK$141.5 billion (US$18.3 billion).