AA arranges HK$5bn revolving credit facility
Airport Authority Hong Kong (AA) yesterday (June 28) announced it had successfully self-arranged a five-year, HK$5bn revolving credit facility with 14 local and international banks.
At an all-in cost of 50 basis points over Hong Kong Inter-Bank Offered Rate (HIBOR), representing the lowest paid by a Hong Kong borrower in the loan syndication market since the financial tsunami in 2008, the facility will be used to refinance maturing debt and for general working capital purposes.



