Swire Properties has issued its second public offering of offshore Renminbi green bonds ("green dim sum bonds"). The transaction has raised an aggregate amount of RMB 3.5 billion; with RMB 1.75 billion at a coupon rate of 3.1% due in 2027, and RMB 1.75 billion at a coupon rate of 3.4% due in 2029. It is Asia's largest corporate offshore RMB offering this year and a significant milestone for Swire Properties, which aims to become a regular issuer in the offshore RMB market. The move will support the company's HK$100 billion investment plan – of which HK$50 billion is earmarked for the Chinese Mainland market.
