MTR defies HK setbacks for $1.2bn green bond

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By Morgan Davis
13 Aug 2020

Hong Kong rail operator MTR Corp priced a larger and tighter green bond than expected this week, with investors showing their faith in a company that has been forced to battle protests and the pandemic in the past year. Morgan Davis reports.

Public transport provider MTR, which is rated Aa3/AA+, debuted in the green bond market in 2016 but has not sold a public dollar bond since.

Its $1.2bn return to investors on Wednesday followed a rollercoaster ride for the company in 2019 and this year.

In 2018, ...

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