MTR Raises $2.4 Billion From First Public Hong Kong Dollar Bonds

MTR Corp Ltd. raised HK$18.9 billion ($2.4 billion) in its first-ever Hong Kong dollar public bond sale, as borrowers increasingly rely on the city’s funding market.

The Hong Kong government majority-owned public transport operator and property developer priced five-, 10- and 30-year green notes to fund or refinance eligible projects, according to a person familiar with the matter who asked not to be identified. The combined order book topped HK$60 billion, the person added.