Hong Kong Rail Operator MTR Said to Raise Loan to $3.2 Billion
- Two-part facility boosted to HK$25 billion from HK$15 billion
- MTR won approval in March to resume high-speed rail to China
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Hong Kong railway operator MTR Corp. increased the size of a two-part loan to about HK$25 billion ($3.2 billion), after the city gave the green light for it to resume construction on a high-speed rail link to China earlier this year, people familiar with the matter said.
MTR, three-quarters owned by the government, lifted the size of its dual-tranche loan from HK$15 billion after more than 20 banks committed to the financing, according to people familiar with the matter, who aren’t authorized to speak publicly and asked not to be identified.