港铁(00066)30亿美元三批次债券获逾4.6倍超购

Core Viewpoint - MTR Corporation (00066) successfully issued a total of $3 billion in three tranches of US dollar bonds, achieving an oversubscription of over 4.6 times, indicating strong investor demand and market confidence [1] Group 1: Bond Issuance Details - The bond issuance included three tranches: a 5-year tranche of$500 million with a final pricing of T+40 basis points and a coupon rate of 4.375% [1] - A 10-year tranche of $1 billion was priced at T+58 basis points with a coupon rate of 4.875$1.5 billion, was priced at T+70 basis points with a coupon rate of 5.25% [1] Group 2: Market Context and Implications - The issuance set records as the largest US dollar bond issuance by a Hong Kong issuer under the S rule, and the 30-year tranche is the largest of its kind in Asia [1] - The overall sentiment in the Asian bond market is positive, with ample liquidity and credit spreads remaining at historical lows, leading to a significant increase in bond issuance compared to previous years [1] - The successful transaction is expected to set a new benchmark for Hong Kong and Asian issuers in the bond market [1]