Hong Kong’s MTR prices $3bn perpetual bond issuance

The funds have been raised to meet MTR’s growing spending needs for upcoming railway and real estate projects.

The MTR Corporation (MTRC), operator of Hong Kong’s mass transit railway system, is raising $3 billion in debt through a US dollar-denominated subordinated perpetual guaranteed issuance. Proceeds of the offering will be channelled to fund general corporate purposes, according to a company disclosure.

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