Swire Properties MTN Financing Limited’s US$500 million Notes offering


Slaughter and May, Hong Kong, advised Swire Properties Limited on the first green bond issue by its wholly-owned subsidiary, Swire Properties MTN Financing Limited, of US$500 million 3.50% Guaranteed Notes due 2028.

The Notes were issued under Swire Properties’ US$4 billion Medium Term Note Programme. The Notes are guaranteed by Swire Properties Limited and are listed on the Hong Kong Stock Exchange.

The net proceeds from the Notes issue will be used to fund or refinance Swire Properties’ new or existing green projects that relate to green building development, energy efficiency, renewable energy, sustainable water and wastewater management, or climate change adaptation. This is the first green bond in Hong Kong to obtain the Green Finance Certification from the Hong Kong Quality Assurance Agency.

The Slaughter and May team was led by Lisa Chung (partner, in picture), assisted by Stephanie Pun (associate), Suet Wa Wong (associate) and Katie Cheung (trainee).

Involved fees earner: Lisa Chung – Slaughter and May; Stephanie Pun – Slaughter and May; Katie Cheung – Slaughter and May; Suet-Wa Wong – Slaughter and May;

Law Firms: Slaughter and May;

Clients: Swire Properties;

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Author: Michael Patrini