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MTR CORPORATION Reportedly in Talks with Banks for Loan to Support Northern Link Development
MTR CORPORATION (00066.HK) is in discussions with banks regarding a potential loan to support the development of its Northern Link rail project, foreign media quoted insiders as sa...
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MTR CORPORATION Reportedly in Talks with Banks for Loan to Support Northern Link Development
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MTR CORPORATION (00066.HK)  +0.080 (+0.293%)    Short selling $127.74M; Ratio 70.982%   is in discussions with banks regarding a potential loan to support the development of its Northern Link rail project, foreign media quoted insiders as saying.

The discussions are still in the preliminary stages, and the size and terms of the loan have not yet been finalized. The funds raised will be used for the first phase of the work in Hong Kong's New Territories area.

Related NewsCLSA Downgrades MTR CORPORATION to Hold, Cuts TP to HKD27
Earlier this month, the Hong Kong government approved the financial arrangements for the Northern Link, which includes construction, design and upgrades of existing facilities, with a total 10-year cost of approximately $31.4 billion.

MTR CORPORATION has raised at least US$6.24 billion through bond issuance YTD. The company previously said that it would raise funds through multiple channels, including property development revenues, internal resources and debt financing.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-08-22 16:25.)

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