| For immediate release | 25th May, 2012 |
25 May 2012, Hong Kong - Swire Properties Limited ("Swire Properties") is pleased to announce that its wholly-owned subsidiary, Swire Properties MTN Financing Limited, has established a US$3 billion medium-term note (MTN) programme. Notes issued under the MTN programme will be unconditionally and irrevocably guaranteed by Swire Properties. The MTN programme is rated [A] by Fitch Ratings Limited, [(P)A2] by Moody's Investors Services Limited and [A-] by Standard & Poor's Ratings Services, in each case in respect of notes with a maturity of more than one year.
The MTN programme will enable Swire Properties to raise money directly from the capital markets in the future should the need arise. Under the MTN programme, notes may be issued in US dollars or in other currencies, in various amounts and for various tenors.
The Stock Exchange of Hong Kong Limited has granted conditional approval for the listing of the MTN programme and permission to deal in the notes to be issued under the MTN programme. The Hongkong and Shanghai Banking Corporation Limited and Standard Chartered Bank acted as arrangers of the MTN programme.
As a leading developer in Hong Kong, Swire Properties develops and manages world-class commercial, retail, hotels and residential properties, typically in large mixed-use developments. In addition to Hong Kong and Mainland China, Swire Properties has a presence in the United States and the United Kingdom.
| © Copyright 1996-2023 irasia.com Ltd. All rights reserved. |
|
DISCLAIMER: irasia.com Ltd makes no guarantee as to the accuracy or completeness of any
information provided on this website. Under no circumstances shall irasia.com Ltd be liable
for damages resulting from the use of the information provided on this website.
TRADEMARK & COPYRIGHT: All intellectual property rights subsisting in the contents of this website belong to irasia.com Ltd or have been lawfully licensed to irasia.com Ltd for use on this website. All rights under applicable laws are hereby reserved. Reproduction of this website in whole or in part without the express written permission of irasia.com Ltd is strictly prohibited. TERMS OF USE: Please read the Terms of Use governing the use of our website. |