MTR Completes Issuance of 4.5 Billion Yuan in Offshore Green Bonds

MT Newswires Live09-12

MTR (HKG:0066) completed the issuance of 4.5 million yuan in offshore renminbi-denominated green bonds on Tuesday, according to a Wednesday press release by the Hong Kong mass transit operator.

The issuance comprises a 3 billion yuan 10-year issuance and a 1.5 billion yuan issuance, which were 4.4 times oversuscribed. MTR said.

The bonds were 4.4 times oversubscribed.

MTR's 10-year bonds carry a coupon rate of 2.75% while the 30-year bonds have a 3.05% coupon rate.

Bank of China (Hong Kong), Crédit Agricole CIB, HSBC, Mizuho, and Standard Chartered Bank were the joint global coordinators, joint bookrunners, and joint lead managers.

ANZ, Barclays, BNP Paribas, DBS Bank, Deutsche Bank, ICBC (Asia), J.P. Morgan, MUFG, OCBC, SMBC Nikko and Societe Generale were the joint bookrunners and joint lead managers for the issuance.

Price (HKD): $26.55, Change: $-0.050, Percent Change: -0.19%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment