Sitting in the Kowloon Bay headquarters of Hong Kong metro operator MTR Corp, finance director Herbert Hui appeared satisfied. He had joined the company only a few months before, and had already pulled off MTR’s first dollar bond in four years.
But perhaps more importantly, he had ensured MTR Corp would be part of a growing conversation among global debt investors.
That’s because Hui had decided the company was not going to simply issue a conventional bond. Instead, he opted for a green bond joining a movement towards environmentally-conscious financing that took on a life of its own in Asia in 2016.