Slaughter and May, Hong Kong, advised Swire Properties Limited on the issue by its wholly-owned subsidiary, Swire Properties MTN Financing Limited, of US$500 million 4.25% Green Notes due 2031 (Notes). The Notes were issued under Swire Properties’ US$5 billion Medium Term Note Programme. The Notes are guaranteed by Swire Properties Limited and are listed on the Hong Kong Stock Exchange.
As part of Swire Properties’ Sustainable Development 2030 Strategy, the net proceeds from the issue will be used to fund or refinance, in whole or in part, 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.
Slaughter and May also advised Swire Properties on its first green bond issue, being the first green bond in Hong Kong with the Green Finance Certification from the Hong Kong Quality Assurance Agency.
The Hongkong and Shanghai Banking Corporation Limited, Bank of China (Hong Kong) Limited, Crédit Agricole Corporate and Investment Bank, DBS Bank Ltd., Industrial and Commercial Bank of China (Asia) Limited and Merrill Lynch (Asia Pacific) Limited acted as the Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers.