Swire Properties relaunches $4 billion medium-term note program

By William Gullotti

Buffalo, N.Y., May 27 – China’s Swire Properties Ltd. has relaunched a $4 billion medium-term note program (A2//A), according to a notice with an appended offering circular on Friday.

The notes will be issued through subsidiary Swire Properties MTN Financing Ltd. and guaranteed by the parent company.

HSBC Ltd. and Standard Chartered Bank are the joint arrangers of the program, also serving as dealers with Australia and New Zealand Banking Group Ltd., Bank of China (Hong Kong) Ltd., Barclays Bank plc, BNP Paribas, BOCI Asia Ltd., China Construction Bank (Asia) Corp. Ltd., Citigroup Global Markets Ltd., Credit Agricole CIB, DBS Bank Ltd., Deutsche Bank AG Hong Kong branch, Goldman Sachs (Asia) LLC, ING Bank NV Singapore branch, J.P. Morgan Securities plc, Merrill Lynch (Asia Pacific) Ltd., Mizuho Securities Asia Ltd., Morgan Stanley & Co. International plc, MUFG Securities EMEA plc, SMBC Nikko Securities (Hong Kong) Ltd., Societe Generale and UBS AG Hong Kong branch.

The company initially launched a $3 billion medium-term note program in 2012 and increased the size to $4 billion in 2017.

Listing for the Regulation S program on the Stock Exchange of Hong Kong Ltd. became effective May 26.

Swire Properties is a Hong Kong-based commercial property developer.

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