MTR privatisation an all-round hit

International investors are facing a massive scale back in allocations after the one billion share offering for Hong Kong''s MTR Corp closed hugely oversubscribed yesterday (Thursday).

The Hong Kong government and global co-ordinators Goldman Sachs, HSBC and UBS Warburg have been presented with an allocation nightmare this weekend, as they try to divide up a roughly $16 billion order book for a $1.21 billion deal, at the top end of its indicative range.

Observers report that the institutional order book has closed around the $10 billion level, representing a roughly 10 times oversubscription level to the $964 billion worth of shares, initially be available...

To continue reading, please login or register for free

Click for more on: mtr | privatisation | allround | hit

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...