MTR Corp, the operator of Hong Kong’s mass transit railway, returned to the international bond markets for the first time in four years this week. But this time, the issuer came back with something a little different its first foray into green bonds.
The deal follows a raft of green bonds over the last few months see below. As well as giving issuers some good PR, these deals also allow them to diversify their investor base. This is particularly true in the European market, where specialist green bond funds provide a captive investor base and a relatively easy sell. European and Middle Eastern investors took 17% of the...
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