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MTR CORPORATION (00066.HK) Prices Over HKD18.8B Corporate Green Bonds with Coupons Ranging from 2.88% to 4%
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MTR CORPORATION (00066.HK) announced today (22nd) that it has successfully priced over HKD18.8 billion of corporate green bonds yesterday. The bonds comprise five-year, ten-year and thirty-year tranches. This marks MTR's first public offering of HKD bonds and represents the largest single-transaction issuance in the history of the HKD bond market. The issuance size of each tenor also set new records for bonds of similar maturities in the HKD market. MTR stated that the bonds have been rated "AA+" by Standard & Poors and "Aa3" by Moodys. Specifically, the over HKD8.3 billion five-year bonds, HKD7.5 billion ten-year bonds and HKD3 billion thirty-year bonds carry coupon rates of 2.88%, 3.3% and 4%, respectively. The net proceeds will be used in accordance with MTRs Sustainable Finance Framework to support eligible green investment projects. It is understood that the transaction received strong demand from various types of institutional investors, with peak total orders reaching over HKD60 billion, more than three times the total issuance size. MTR said the issuance will further enhance its financial flexibility and diversify its funding sources, supporting its long-term sustainable development goals and ongoing infrastructure development in Hong Kong. (hc/u) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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