Hong Kong’s MTR Corp sells record HK$18.8 billion in green bonds

The MTR Corporation has sold HK$18.8 billion (US$2.4 billion) in green bonds, marking its largest and first public bond issuance in the Hong Kong dollar market. The company issued five-year, 10-year, and 30-year bonds, with each tranche representing a record size for its respective tenor. This sale allows retail investors to purchase the bonds through various channels, including platforms or products of institutional investors. The move aims to diversify funding sources for a string of projects. The green bond issuance is part of the company's efforts to reduce its environmental impact and promote sustainable development. The sale was made in the Hong Kong dollar market.