A semi-privatised corporation has successfully issued €3 billion in euro green bonds across three tranches (8, 12, and 20 years), marking the largest Asia ex-Japan non-sovereign offering of its kind. Demand exceeded expectations, with the order book reaching €10.2 billion.
MTR Corporation has completed the largest green bond issuance in the Hong Kong dollar market, raising HK$18.8 billion (US$2.4 billion) through five-year, 10-year and 30-year bonds. The five-year tranche of HK$8.3 billion carried a 2.88% coupon, the 10-year HK$7.5 billion tranche was priced at 3.30%, and the 30-year HK$3 billion tranche at 4.00%. The overall order book exceeded HK$60 billion, three times the issue size, reflecting strong institutional demand, particularly for the 30-year bond which attracted retirement fund managers.
