HSBC launches bond deal for MTR Corp.

Hong Kong''s MTR Corp has hit the bond market with a HK$2.35 billion fixed rate offering via HSBC.

Hong Kong's Mass Transit Railway Corporation MTR has become the latest big issuer to try its hand in the local debt market this year, with a HK$2.35 billion $300 million deal via HSBC.

The deal was split into three fixed rate tranches with maturities of three, five and seven years. The HK$850 million three-year piece carries an annual coupon of 5.35%, the HK$1 billion five-year notes came in at 5.83% and the HK$500...

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