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Hong Kong’s MTR Corp. launches $7 billion debt issuance program
By Cady Vishniac
Detroit, Oct. 30 – MTR Corp. Ltd. and subsidiary MTR Corp. (C.I.) Ltd. announced a $7 billion debt issuance program.
The program is guaranteed by MTR Corp.
The arranger is HSBC for the Regulation S program.
ANZ, Barclays, BNP Paribas, BofA Securities, Citigroup, Credit Agricole CIB, Deutsche Bank, Goldman Sachs (Asia) LLC, HSBC, J.P. Morgan, Mizuho Securities, Morgan Stanley, MUFG, Nomura, Standard Chartered Bank (Hong Kong) Ltd., UBS and Westpac Banking Corp. are the dealers.
The program covers notes and perpetual securities, which will be guaranteed by the parent company.
Proceeds will be used to refinance existing borrowings, to finance acquisitions and investments and for working capital and general corporate purposes.
MTR operates Hong Kong’s Mass Transit Railway (MTR) metro system.
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