Hong Kong-based public transport operator MTR (HKG:0066) raised $3 billion in its largest-ever public senior notes issuance, according to a March 26 release.
The issue drew $13.4 billion in orders, 4.47 times the size of the offering, the release said.
Moody's is expected to rate the Notes Aa3, while S&P assigns an AA+ rating, MTR said.
The three-tranche offering was priced at 4.375% for five years, 4.875% for 10 years, and 5.25% for 30 years. The 30-year tranche marks the largest US dollar note from a Hong Kong corporate issuer in more than two decades, according to the release.
The listing of and permission to deal in the bonds are expected to become effective April 2.
Shares of MTR rose nearly 1% at market close on Tuesday.
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