Airport Authority Hong Kong Announced HKIA Retail Bonds Allotment Results

(HONG KONG, 1 February 2024, 1800hrs) – Airport Authority Hong Kong (AAHK) announces that according to the subscription information submitted by the placing banks and Hong Kong Securities Clearing Company Limited (HKSCC), as at the closing date of the subscription period at 1400hrs on 25 January 2024, a total of 175,178 valid applications were received for a total of HK$15,690,820,000 in principal amount of the HKIA Retail Bonds (Bonds).

A breakdown of valid applications is as follows:

The total principal amount of valid applications received exceeds the maximum issue amount of the Bonds to be issued. The Bonds have been allocated in accordance with the mechanism set out in the Offering Memorandum dated 5 January 2024. The valid applications received have been allocated different amounts of Bonds up to a maximum of three trading lots for each valid application. There are a total of 11,708 valid applications for two or fewer trading lots. They will be allocated the full amounts applied for. The remaining 163,470 valid applications (i.e. those applying for more than two trading lots) will be allocated two trading lots each and then be entered into a ballot. Of these applications, 153,670 will be allocated one additional trading lot. The final issue amount is HK$5,000,000,000.

For applications through placing banks, the placing banks have agreed to complete all notifications regarding allocation of the Bonds (if any), the applicable subscription monies and the amount of any refund of application monies (Notifications) within five business days from (and including) the issue date, by 9 February 2024.

For applications through HKSCC, HKSCC has agreed to complete all Notifications on or before the issue date.

For applications through designated securities brokers, AAHK has, during a securities brokers’ briefing on 28 November 2023, asked the designated securities brokers who attended such briefing session to complete all Notifications within five business days from (and including) the issue date, by 9 February 2024, although there is no assurance that they will do so. Investors are advised to check with their own designated securities brokers regarding the Notifications.

Investors are also reminded to check the Notifications and refund arrangements in connection with the application for the Bonds with their placing banks, HKSCC or their own designated securities brokers (as the case may be) for further details.

The Bonds will be issued on 5 February 2024 and dealings of the Bonds on the Hong Kong Stock Exchange are expected to commence on 6 February 2024.