MTR Corporation - RMB-denominated bond issue

  • 17 June 2011
 

Slaughter and May, Hong Kong, advised MTR Corporation on its first Renminbi-denominated bond issue in Hong Kong. The RMB1.0 billion (approximately US$154 million), 2-year "dim sum" bond is issued by MTR Corporation (C.I.) Limited under its US$3 billion debt issuance programme and is fully guaranteed by MTR Corporation Limited. Launched on a private placement basis, the bond will carry an annual coupon of 0.625%, payable semi-annually with a maturity date of 17 June 2013.

The bond issue, announced on 02 June 2011, provides cost effective financing for MTR's railway project in Shenzhen, China.

 
 

Contacts

 

Laurence Rudge (partner), Roger Cheng (associate), Victoria Pang (associate)

 
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