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Story summary
- MTR Corporation Limited issued its first Australian dollar-denominated green bonds totaling A$2 billion (US$1.4 billion), oversubscribed more than sixfold.
- The issue comprises two equal tranches and is the biggest corporate green bond issuance in Australia.
- Michael Fitzgerald, MTR Corporation's finance director, said investor demand came from a range of financial institutions and funds.
- Green bonds are designed to fund environmentally sustainable projects.
