MTR Corp dollar bond arrives on time

Hong Kong''s MTR Corp has made a surgical strike on the international bond markets, taking advantage of a narrow window to launch a deal in record time.

The A3A-rated credit's ability to dispense with formal roadshows and launch an accelerated book-built transaction over the space of 48 hours has spoken volumes about the careful credit and investor relations work it has undertaken over the past few years. With the exception of the occasional sovereign issue and numerous re-openings by the Republic of the Philippines, no other Asian borrower has been able to take advantage of stable issuance conditions and act...

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