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MTR Corp’s HK$18.8 billion green bond sale sets local currency record

SCMP Hong Kong United States
MTR Corp’s HK$18.8 billion green bond sale sets local currency record
The MTR Corporation has sold HK$18.8 billion (US$2.4 billion) in green bonds, setting a Hong Kong dollar-denominated issuance record and marking its first publicly offered bond in the local currency market, as it seeks to diversify funding for a raft of projects. The rail giant said on Wednesday that it sold five-, 10- and 30-year bonds, with the size of each tranche also representing the largest for their respective tenors to date. Together with its inaugural Australian dollar-denominated green...
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