Hong Kong’s MTR Corp raises record A$2 billion in first Australian dollar green bond sale

Hong Kong's MTR Corporation issued a record A$2 billion in Australian dollar-denominated green bonds, its first in that currency, to fund environmentally friendly projects. The sale, which occurred recently, was structured in two equal tranches with maturities of five and twelve years and coupon rates of 4.886% and 5.582% respectively. The offering was oversubscribed more than sixfold, attracting diverse investors globally, including insurance companies, pension funds and asset managers. MTR's finance director stated the proceeds will strengthen the corporation’s financial foundation and support its capital investment program. The issuance represents the largest-ever Australian dollar corporate green bond and the largest dual-tranche corporate bond in the market.

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