HONG KONG ISSUES GREEN BONDS AS CHINA PREPARES TO OPEN BORDERS
THE WHAT? The Airport Authority of Hong Kong is offering a five-year green tranche as well as three-year, seven-year and 10-year notes to fund its planned expansion as China prepares to lift the travel restrictions that have been in place since the start of the pandemic, according to a report published by Bloomberg.
THE DETAILS China’s borders opened at the weekend, with arrivals soaring to 34,736 for the week ended Jan 1, up considerably from the 4,439 arrivals registered in the same period of 2022.
THE WHY? The bond sale is aimed at jump-starting operations as international travel resumes as well as fund a three-runway system.
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