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HK Airport Authority seeks US$2.6b loan facility for third runway
来源： 编辑：编辑部 发布：2020/04/14 09:55:43
HONG Kong Airport Authority is negotiating with banks for an HKD20 billion (US$2.6 billion) loan to help fund the third runway, reports Bloomberg citing people familiar with the matter.
The five-year facility, which is also meant for general corporate purposes, offers an interest margin of 72 basis points over the Hong Kong interbank offered rate and a top-level all-in of 82 basis points, said the people who are not authorised to speak publicly and asked not to be identified.
The Airport Authority could not immediately respond to a request for comment when reached by telephone and email. The borrower has a HKD5 billion five-year revolver due December, data compiled by Bloomberg show.
The fundraising comes as air traffic has plunged in the wake of the coronavirus pandemic. Funding costs have also risen for banks in Greater China amid a global dollar liquidity squeeze.
The five-year facility, which is also meant for general corporate purposes, offers an interest margin of 72 basis points over the Hong Kong interbank offered rate and a top-level all-in of 82 basis points, said the people who are not authorised to speak publicly and asked not to be identified.
The Airport Authority could not immediately respond to a request for comment when reached by telephone and email. The borrower has a HKD5 billion five-year revolver due December, data compiled by Bloomberg show.
The fundraising comes as air traffic has plunged in the wake of the coronavirus pandemic. Funding costs have also risen for banks in Greater China amid a global dollar liquidity squeeze.