Feb
16

MTR Said to Seek $1.9 Billion Loan Amid Special Dividend Plans

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  • Government-controlled subway operator seeks syndicated loan
  • MTR to pay dividend after accepting government rail-link funds

Hong Kong railway operator MTR Corp. is seeking a HK$15 billion ($1.9 billion) syndicated loan, people with knowledge of the matter said, just two weeks after shareholders approved a special dividend to be paid with borrowed money.

The facility will be split equally between a three-year bullet loan and a five-year revolver, the people said, asking not to be identified as the information is private. BOC Hong Kong Holdings Ltd., Bank of Tokyo-Mitsubishi UFJ Ltd., HSBC Holdings Plc and Mizuho Financial Group Inc. are the mandated lead arrangers for the deal, according to the people…

MTR Said to Seek $1.9 Billion Loan Amid Special Dividend Plans

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