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Banks waive fees for mega retail bond from Hong Kong airport

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The Airport Authority Hong Kong (AAHK) is set to launch a HK$5bn ($640m) retail bond, with a range of banks and brokers waiving fees for retail investors. HSBC, Hong Kong’s largest bank, plans to waive eight types of charges, including subscription fees and transaction costs, to support retail investors. Other banks, such as Standard Chartered and Bank of China, are also offering incentives for investors. The bond, which pays interest quarterly, is AAHK’s first retail bond offering in 20 years and will help fund its third runway project.

Key points:

  • Banks and brokers, including HSBC, Standard Chartered, and Bank of China, are waiving a range of fees for retail investors in AAHK’s retail bond offering.
  • This is AAHK’s first retail bond offering targeted at the general public in 20 years to fund its third runway project, which aims to increase the airport’s capacity.
  • The bond offers a quarterly interest payment and flexibility in redemption, making it an attractive option for retail investors.

Several banks and brokers, including HSBC, Standard Chartered, and Bank of China, are waiving various fees for retail investors interested in the Airport Authority Hong Kong’s (AAHK) retail bond offering. The HK$5bn ($640m) bond, which is AAHK’s first retail bond offering in 20 years, will fund the airport operator’s third runway project. HSBC is waiving eight types of fees, including subscription fees and transaction costs, to support retail investors. Other banks, such as Standard Chartered and Bank of China, are also offering incentives, such as waiving handling and custodian fees, to attract investors. The bond pays interest quarterly and allows for early redemption. It is expected to be well-received by investors, given the current market conditions and the airport’s status as an international aviation hub.

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