Slaughter and May advised MTR Corporation Limited on its inaugural public Hong Kong dollar green bond issuance

Slaughter and May advised MTR Corporation Limited ("MTR") on its issuance of HK$8.388 billion 5‑year, HK$7.5 billion 10‑year and HK$3 billion 30‑year fixed rate green notes ("the Notes") under its US$25 billion Debt Issuance Programme. The Notes are listed on the Hong Kong Stock Exchange.

This transaction marks MTR’s inaugural public Hong Kong dollar bond offering. With an aggregate issuance size of over HK$18.8 billion, the issuance is the largest Hong Kong dollar‑denominated bond transaction to-date, with each of the three tranches being the largest ever issued in the Hong Kong dollar market for their respective tenors. Proceeds from the issuance will be applied towards eligible green investments in accordance with MTR’s sustainable finance framework. 

Bank of China, Crédit Agricole CIB, HSBC, Standard Chartered Bank and UBS acted as the Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers for the issuance of the Notes, with ANZ, Barclays, BNP PARIBAS, BofA Securities, China Construction Bank (Asia), CIBC, DBS Bank, Deutsche Bank, First Abu Dhabi Bank, Goldman Sachs, ICBC (Asia), J.P. Morgan, Mizuho, Morgan Stanley, MUFG, OCBC, and Société Générale being the Joint Bookrunners and Joint Lead Managers.