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MTR unveils new green financing framework

Hong Kong-based railway operator and property developer MTR Corp. Ltd. set up a new green finance framework that will cover green loans and other green credit facilities.

The new program expands MTR's green bond framework established in 2016. Since then, the company has issued HK$8.5 billion worth of green bonds, with tenors of between three and 30 years.

The company will use the proceeds to invest in projects related to low-carbon transportation, energy efficiency and sustainable transit stations and real estate properties, among other uses.