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Swire Properties has launched its second and largest public offshore Renminbi (RMB) green bond offering, setting a record for corporate offshore RMB bond issuances in Asia this year.
The transaction has raised RMB3.5 billion, with RMB1.75 billion at a coupon rate of 3.1% due in 2027 and RMB1.75 billion at a coupon rate of 3.4% due in 2029. The move highlights Swire Properties’ major strides towards regular issuance in the offshore RMB market, supporting its HK$100 billion investment plan – half of which is allocated for the Chinese Mainland.