Hong Kong Airport Raises $2.4 Billion Amid Local-Debt Boom

Hong Kong’s airport operator raised HK$19 billion ($2.4 billion) from what is expected to be its only public bond sale this year, adding to a surge in debt sales denominated in the city’s currency.

Airport Authority sold three-, five- and 10-year bonds in Tuesday’s transaction, according to a person familiar with the matter who asked not to be identified. The 10-year note will yield 3.38%, versus initial price talk of about 3.75%, the person added.