May 2018
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PROPERTY
First green bond
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PROPERTY


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.
One Taikoo Place tops out
One Taikoo Place tops out
Swire Properties to develop second project in Shanghai
Swire Properties to develop second project in Shanghai
First green bond
First green bond
Swire Hotels opens The Middle House
Swire Hotels opens The Middle House
Award winning hotels
Award winning hotels
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Swire News May 2018 issue
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