Hong Kong’s Swire Properties lifts MTN program to $4 billion

By Marisa Wong

Morgantown, W.Va., May 26 – Swire Properties Ltd. increased its medium-term note program to $4 billion from $3 billion, according to a notice.

HSBC and Standard Chartered Bank are the joint arrangers.

Notes under the program will be issued through subsidiary Swire Properties MTN Financing Ltd. and guaranteed by the parent company.

Listing of the updated program on the Stock Exchange of Hong Kong Ltd. is expected to become effective May 29.

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

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