CACIB supports the largest HKD bond transaction in the market by MTR Corporation
CACIB acted as the Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager to price the triple-tranche HK$18.888 billion green bond by MTR Corporation.
This transaction set a few new records for the market:
- The largest bond transaction in the HKD market
- The largest total HKD orderbook
- Record-breaking tranche sizes across all three tenors in HKD market including the largest 30-year HKD bond
- The largest corporate green bond in Asia-Pacific
- MTR Corporation’s inaugural HKD public bond issuance
This transaction further strengthens MTR Corporation’s financial flexibility and expands its diversified funding sources, supporting its long-term sustainability objectives and ongoing low carbon transport development for Hong Kong. Proceeds from this issuance will be used to support its eligible green investments defined in its sustainable finance framework.
This bond attracted broad-based demand from a diverse pool of institutional investors with an over 3x oversubscription as HKD emerges as a safe-haven funding currency amid macro complexity and portfolio rebalancing trends.
MTR Corporation is a recognised world-class operator of sustainable rail transport services. It has extensive end-to-end railway expertise with over 45 years of railway projects experience from design to planning and construction through to commissioning, maintenance and operations. With more than 46,000 dedicated staff, MTR Corporation carries over 13 million passenger journeys worldwide every weekday in Hong Kong, Mainland China and beyond.
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