(Bloomberg) -- MTR Corp., Hong Kong's subway
operator, plans to borrow HK$10 billion ($1.3 billion) to take
over the city's other rail company, said two people with direct
knowledge of the deal.
MTR, 76 percent owned by the government, is seeking a loan
for three to five years after its merger plan with Kowloon-Canton
Railway Corp. won approval from lawmakers last month, said the
people, who declined to be named because the information isn't
public.
Read more at Bloomberg Bonds News
operator, plans to borrow HK$10 billion ($1.3 billion) to take
over the city's other rail company, said two people with direct
knowledge of the deal.
MTR, 76 percent owned by the government, is seeking a loan
for three to five years after its merger plan with Kowloon-Canton
Railway Corp. won approval from lawmakers last month, said the
people, who declined to be named because the information isn't
public.
Read more at Bloomberg Bonds News
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