By William Gullotti
Buffalo, N.Y., Jan. 26 – MTR Corp., Ltd. priced RMB 345 million of 3.04% fixed-rate notes due 2025 at par, according to a listing notice with an appended offering circular on Thursday.
Barclays is the dealer for the notes, which will be issued under the company’s $7 billion debt issuance program.
The Regulation S notes may be redeemed early for taxation reasons at par plus interest.
Listing for the notes is expected on the Hong Kong Exchange effective Jan. 26.
The company operates Hong Kong’s Mass Transit Railway metro system.
| Issuer: | MTR Corp., Ltd.
|
| Amount: | RMB 345 million
|
| Issue: | Fixed-rate notes, series 141
|
| Maturity: | Jan. 21, 2025
|
| Dealer: | Barclays Bank plc
|
| Trustee: | Law Debenture Trust Corp. plc
|
| Counsel to issuer: | Slaughter and May (England, Hong Kong), Maples and Calder (Hong Kong) LLP (Cayman Islands)
|
| Counsel to underwriters: | Linklaters (England, Hong Kong)
|
| Coupon: | 3.04%
|
| Price: | Par
|
| Yield: | 3.04%
|
| Call option: | For taxation reasons at par plus interest
|
| Pricing date: | Jan. 17
|
| Issue date: | Jan. 20
|
| Listing date: | Jan. 26
|
| Distribution: | Regulation S
|
| ISIN: | HK0000904745
|
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