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The Government of the Hong Kong Special
Administrative Region (HKSAR Government) announced in last year's
budget that it would sell or securitise HK$112 billion in assets over
the next five years and the Legislative Council of Hong Kong authorised
HKSAR Government to borrow up to HK$6,000,000,000 by securitising
HKSAR Government's revenue from certain tolled tunnels and bridges
owned by it. (See Tolled
Facilities for further details). |
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The Tolled Facilities comprise five tunnels and
Lantau Link and represent key infrastructure links in Hong Kong with
an established history of performance |
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Hong Kong Link 2004 Limited is a special
purpose company, wholly owned on behalf of HKSAR Government, which will issue the Retail Bonds and the Notes |
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Retail Bonds issued by Hong Kong Link 2004 Limited
are backed by the Toll Revenue Bond. The Toll Revenue Bond represents
a right to receive amounts equal to the Net Toll Revenues generated
by the Tolled Facilities |
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