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S&P rates Swire notes A-
Standard & Poor's said it assigned an A- rating to Swire Pacific MTN Financing Ltd.'s proposed issue of HK$250 million senior unsecured fixed rate notes due March 2018.
The issue is a drawdown under a $2.5 billion medium-term notes program offered by Swire Pacific MTN Financing Ltd. and Swire Properties Offshore Financing Ltd. and guaranteed by Swire Pacific Ltd. (A-/stable).
Proceeds will be used for working capital.
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