As demand for fixed-income products rises amid Hong Kong's low-interest regime. The MTR Corp has issued two tranches of fixed-rate notes with a total value of HK$300 million. BNP Paribas Oakreed is the arranger. One note has an annual coupon of 5.3 per cent and matures in 2006. The other pays 4.55 per cent with a 2004 maturity.