Slaughter and May, Hong Kong, advised MTR Corporation Limited (MTR) on its issuance of US$500 million 5-year, US$1 billion 10-year and US$1.5 billion 30-year bonds (the Bonds) under its US$15 billion Debt Issuance Programme, being MTR’s largest public bond issuance. The Bonds also represent the largest-ever Regulation S-only US dollars bond issuance by a Hong Kong issuer and the largest bond issuance of this type in Asia since January 2020. Specifically, the 30-year tranche is the largest public bond issuance of all US dollars bonds of the same tenor by Hong Kong corporate issuers in more than two decades. The Bonds are listed on the Hong Kong Stock Exchange.
BofA Securities, HSBC, J.P. Morgan, Standard Chartered Bank and UBS acted as the Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers for the issuance of the Bonds, with ANZ, Bank of China (Hong Kong), Barclays, BNP Paribas, CIBC Capital Markets, Citigroup, Crédit Agricole, DBS Bank, Deutsche Bank, Goldman Sachs, ICBC (Asia), Mizuho, Morgan Stanley, MUFG, OCBC, SMBC Nikko and Société Générale being the Joint Bookrunners and Joint Lead Managers.
Vanessa Au / Trainee Solicitor