China’s Swire Properties sets up $4 billion medium-term note program

By Marisa Wong

Morgantown, W.Va., May 25 – Swire Properties Ltd. has launched a $4 billion medium-term note program, 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 on the Stock Exchange of Hong Kong Ltd. is expected to become effective Monday.

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

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