BLOOMBERG The Airport Authority Hong Kong is offering its first-ever local currency public bond, pricing a HK$4 billion ($512 million) debt deal as passenger traffic recovers at the financial hub. The 3.5-year bond has been priced to yield 3.83%, according to a person familiar with the matter. The proceeds will be used for the airport’s capital expenditure, including plans for ...

BLOOMBERG Cathay Pacific Airways Ltd is seeking proposals from Airbus SE and Boeing Co for new aircraft to replace some of its older mid-sized widebody jets, rounding off the Hong Kong carrier’s biggest buying spree in a decade. “We are evaluating options for a versatile, mid-sized widebody aircraft that can undertake a range of missions and grow our passenger and ...

SHARJAH / WAM The Sharjah Municipality (SM) announced the launch of the Municipal Excellence Award in its new form, as one of the initiatives that enhances the culture of excellence and makes it a prevailing concept, established behaviour, and an essential characteristic that distinguishes the municipality and its employees. In this context, Obaid Saeed Al Tunaiji, Director General of the ...