Airport Authority Announces the Launch of HK$5 Billion Retail Bonds

Julien Lee, Executive Director, Finance of AAHK (Middle), and bank representatives attend Hong Kong International Airport Retail Bonds Press Conference

The Airport Authority (the “AA”) today announced the launch of Hong Kong International Airport retail bonds (the “Bonds”) in Hong Kong. Only members of the public with valid Hong Kong identity cards are eligible to subscribe for the Bonds through appointed placing banks, the Hong Kong Securities Clearing Company Limited or designated securities brokers.

The Offering Memorandum dated 5 January 2024 (the “Offering Memorandum”) can be viewed online at the AA’s website (www.hongkongairport.com) and the website of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”) (www.hkexnews.hk). The key information about the Bonds is summarised below:

• Maximum issue amount: HK$5 billion
• Tenor: 2.5 years
• Interest rate (coupon): 4.25% per annum, payable every three months in arrear
• Principal application amount: an integral multiple of HK$10,000
• Early Redemption: Investors can submit an early redemption request by the specific deadlines to require the AA to redeem some or all of the Bonds at 100% of their principal amount, together with accrued and unpaid interest to (but excluding) the date of redemption
• Subscription period: 9am on 17 January 2024 to 2pm on 25 January 2024

The Bonds will be issued on 5 February 2024 and listed on the Hong Kong Stock Exchange on the following business day (6 February 2024). The AA has appointed 10 banks to act as market makers for the Bonds. The market makers are appointed to use their best efforts to maintain a market in the Bonds in over-the-counter transactions for retail investors.

The appointed placing banks are as follows:

1. Bank of China (Hong Kong) Limited
2. The Hongkong and Shanghai Banking Corporation Limited
3. Bank of Communications (Hong Kong) Limited
4. The Bank of East Asia, Limited
5. China CITIC Bank International Limited
6. China Construction Bank (Asia) Corporation Limited
7. Chiyu Banking Corporation Limited
8. Chong Hing Bank Limited
9. Citibank (Hong Kong) Limited
10. CMB Wing Lung Bank Limited
11. Dah Sing Bank, Limited
12. DBS Bank (Hong Kong) Limited
13. Fubon Bank (Hong Kong) Limited
14. Hang Seng Bank Limited
15. Industrial and Commercial Bank of China (Asia) Limited
16. Nanyang Commercial Bank, Limited
17. OCBC Bank (Hong Kong) Limited
18. Shanghai Commercial Bank Limited
19. Standard Chartered Bank (Hong Kong) Limited

The appointed designated securities brokers are as follows:

1. Bright Smart Securities International (H.K.) Limited
2. Chief Securities Limited
3. Essence International Securities (Hong Kong) Limited
4. Everbright Securities Investment Services (HK) Limited
5. First Shanghai Securities Limited
6. Futu Securities International (Hong Kong) Ltd
7. Hong Kong International Securities Limited
8. Sanfull Securities Limited
9. Sinolink Securities (Hong Kong) Company Limited
10. SinoPac Securities (Asia) Limited
11. SoFi Securities (Hong Kong) Limited
12. South China Securities Limited
13. Tai Shing Stock Investment Co., Ltd
14. Tai Tak Securities (Asia) Limited
15. Tiger Brokers (HK) Global Limited
16. UOB Kay Hian (Hong Kong) Limited
17. Victory Securities Company Limited
18. Wocom Securities Limited

Disclaimer and Important Notice: This press release statement is issued by the Airport Authority which takes responsibility for the issue and contents of this press release statement. An investment in the Bonds involves risks. You must read the Offering Memorandum before deciding whether to invest in the Bonds. The Offering Memorandum contains important information about the Airport Authority and the Bonds (including risk factors) which the Airport Authority has not attempted to summarise here. The Airport Authority has only published an electronic version of the Offering Memorandum. The Airport Authority will not provide printed copies of the Offering Memorandum. You may download a copy of the Offering Memorandum on the Airport Authority’s website at www.hongkongairport.com and the website of the Hong Kong Stock Exchange at www.hkexnews.hk. This press release statement is not a prospectus nor is it an offer or invitation to such offer. The offer of the Bonds and all the applications are made in strict accordance with the Offering Memorandum. You should not invest in the Bonds based on this press release statement.

This press release statement is available in both English and Chinese. The Chinese version of the press release statement is a translation for your reference only and the English version will prevail in the event of any discrepancy.

The issue of this press release statement is authorised by the Securities and Futures Commission (the “SFC”) under Section 105(1) of the Securities and Futures Ordinance (Cap. 571, Laws of Hong Kong). Such authorisation by the SFC does not imply its endorsement or recommendation of the Bonds nor its endorsement of the information contained in any websites referred to in this press release statement. The SFC takes no responsibility as to the contents of this press release statement.