New Issue: Hong Kong’s MTR prices HK$150 million 4.72% two-year notes at par

By William Gullotti

Buffalo, N.Y., Sept. 20 – MTR Corp., Ltd. priced HK$150 million of 4.72% two-year notes at par, according to an offering circular with an appended pricing supplement on Wednesday.

J.P. Morgan Securities plc 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.

The company operates Hong Kong’s Mass Transit Railway metro system.

Issuer:	MTR Corp., Ltd.
Amount:	HK$150 million
Issue:	Fixed-rate notes, series 160, tranche 1
Maturity:	Sept. 19, 2025
Dealer:	J.P. Morgan Securities 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:	4.72%
Price:	Par
Yield:	4.72%
Call option:	For taxation reasons at par plus interest
Pricing date:	Sept. 14
Issue date:	Sept. 19
Distribution:	Regulation S
ISIN:	XS2689084809

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.