Swire Pacific Limited


Swire Pacific Limited US$400mm 6.250% Eurobond Issue

Swire Pacific Limited is pleased to announce that its wholly-owned subsidiary Swire Pacific MTN Financing Limited has priced its US$400 million 6.250% Eurobond issue due on 18 April 2018 (the "Notes"). The Notes are unconditionally and irrevocably guaranteed by Swire Pacific Limited and are rated A by Fitch, A3 by Moody's and A- by S&P and will be listed on the Hong Kong Stock Exchange. The transaction attracted an order book of over 3 times.

The re-offer price has been set at 99.101% to yield 6.373% which translates into 293.6 basis points over the 3.500% US Treasury notes due on 15 February 2018. Interest on the Notes is payable semi-annually. Swire Pacific Limited intends to use the proceeds from the Notes for general corporate funding. HSBC and JPMorgan acted as Joint Bookrunners for the transaction.

Swire Pacific Limited is one of Hong Kong's leading listed companies, with diversified interests in five operating divisions: Property, Aviation, Beverages, Marine Services and Trading & Industrial. The operations are predominantly based in the Greater China region, with a track record of over 130 years.

Source: Swire Pacific Limited
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