Airport Authority Prices USD Bonds

Airport Authority Hong Kong (AA) announces that it has successfully priced an offering of US$500 million 3.45% bonds due 2029 (the "Bonds") under the AA's Medium Term Note Programme. The proceeds from the Bonds will be used to fund capital expenditure of AA including the Three-Runway System Project and for general corporate purposes. The Bonds are expected to be issued on 21 February 2019, subject to the satisfaction of certain conditions precedent and are expected to be listed on The Stock Exchange of Hong Kong Limited. The Bonds were over-subscribed by more than 7 times, with over US$3.6 billion in orders from professional and institutional investors in Hong Kong, Asia and Europe.