MTR defies HK setbacks for $1.2bn green bond
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, ...