ANZ today announced it has supported the successful pricing of MTR Corporations's (MTRC) inaugural A$2 billion dual‑tranche senior unsecured green bond, marking the company's first Australian‑dollar issuance.
The transaction is understood to represent the largest Australian‑dollar corporate orderbook on record, and the largest Kangaroo bond transactions by an Asian corporate issuer.
The net proceeds of the green bond are expected to be used to finance or refinance eligible green investments in accordance with MTRC's Sustainable Finance Framework. This could include investments in low‑carbon and energy‑efficient rail infrastructure and renewable energy projects across the Group's operating footprint.
ANZ acted as Joint Lead Manager, Joint Bookrunner and the sole ESG Coordinator on the transaction, working closely with MTRC throughout the structuring and execution process. ANZ also led the documentation and establishment of the Australian Medium‑Term Note (AMTN) programme, supporting MTRC's access to Australian dollar funding over the long term.
ANZ Head of Capital Markets Asia, Kang Jae Kim, said: "This is a thoughtfully executed transaction for MTRC and a natural evolution of their long‑standing engagement with the Australian infrastructure sector. The record-breaking manner of how this inaugural Australian‑dollar green bond was printed reflects both the strength of the issuer's profile and the growing depth and internationalisation of the Australian Dollar market.
"We are pleased to have supported MTRC on a landmark transaction that aligns MTRC's strategic funding objectives with sustainability outcomes."
The transaction received strong support from domestic Australian investors, alongside participation from high‑quality global accounts. The outcome reflects MTRC's established credit profile, its sustainability credentials, and the benefits of consistent investor engagement in the period leading up to issuance, supporting familiarity and confidence at execution.
MTRC is a global leader in the transit rail sector, with operations across cities in Australia, Hong Kong and mainland China. Australia represents a core long‑term market for MTRC, backed by 20 years of experience and continued involvement in projects such as Sydney Metro West.
