Media Coverage

Swire Properties became the first Hong Kong corporation to issue a public "green dim sum" bond and the first to return to Hong Kong's public "dim sum" bond market since 2019. The former bond offering raised RMB3.2 billion, the largest-ever corporate Renminbi green bond issuance in Hong Kong. The transaction comprised two tranches: one for RMB2.5 billion, maturing in 2025 with a coupon rate of 3.3%, and the other for RMB700 million, maturing in 2028 with a coupon rate of 3.55%.

Chief Executive Tim Blackburn said the proceeds will greatly expand the Company's ability to design and build iconic retail-led mixed-use landmarks with the world's highest green credentials under the Taikoo Li and Taikoo Hui brands in the Chinese Mainland. This allows the Company to pioneer new ground in sustainability and build more vibrant communities.

Furthermore, the first-ever public "green dim sum" bonds will support the Government's efforts in green financing, positioning the city as the world's leading green technology and green finance centre, as well as an international offshore RMB trading hub.

The proceeds will be used towards funding or refinancing existing and new eligible green projects, including those related to green building development, energy efficiency, renewable energy, sustainable water and wastewater management, and climate change adaptation.