MTR (HKG:0066) has signed a HK$30 billion seven-year syndicated green term loan facility, the largest of its kind raised by a Hong Kong company across Asia, the Middle East, and North Africa, The Standard reported Tuesday.

The facility drew commitments from 42 banks worldwide and was more than five times oversubscribed, according to the report.

Prior to general syndication, lead arrangers and underwriters had already committed over HK$58 billion, MTR reportedly said, adding that the facility was increased to HK$30 billion from HK$23 billion in response to the strong demand.

Chief Executive Jacob Kam said the financing strengthens MTR's balance sheet and supports its long-term sustainability strategy, according to The Standard.

He added that the group is committed to major expansion projects, including the Northern Link, and remains open to working with strategic investors on the development, it said.

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