Swire Properties has priced its first green bond, raising US$500 million at a coupon rate of 3.5%, due in 2028. A substantial portion of the bond was placed with institutional investors that have a strong commitment to sustainable financing initiatives. The issuance of the ten-year green bond is part of the company's Sustainable Development 2030 Strategy, and the net proceeds will be used to fund or refinance new or existing green projects; part of the proceeds will be used to finance the LEED Platinum pre-certificated One Taikoo Place, to be completed later this year. Swire Properties' green bond is the first in Hong Kong to obtain pre-issuance stage certification under the Green Finance Certification Scheme, recently launched by the Hong Kong Quality Assurance Agency.