What does MTR know we don't

The offering, which will go towards railway projects and sustainability goals, included a record HK$3bn 30-year tranche.

The oversubscribed Euro offering is in three tranches of 8, 12 and 20 years, and follows green bond issuances in Hong Kong and Australia in H1 2026.

Global investors, with the majority in Asia, participated in the deal which included five year, 10 year and 30 year senior bonds, and is the largest US dollar bond issuance in Hong Kong in the Reg S format; the funds will help drive infrastructure development.

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

Scandals have battered the rail operator's once-pristine reputation. The city's government can show its determination to improve services and ease integrity concerns by removing it from the stock market.