Swire Pacific MTN Financing (HK) Limited, unconditionally and irrevocably guaranteed by Swire Pacific Limited (stock codes: 00019 and 00087), has released an offering circular for its US$5,000,000,000 Medium Term Note Programme. According to the circular, Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited have no responsibility for the contents of the document, while confirming the notes are only suitable for purchase by professional investors.
Key details show that the Issuer may issue medium term notes in various currencies and formats under this programme. Swire Pacific Limited will guarantee all amounts due on the notes. The circular clarifies that the notes under the programme will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent an applicable exemption or in an offshore transaction. It further reiterates that the notes will be listed in Hong Kong only on the basis that they are intended for professional investors.
The offering circular sets out the terms, including issue amounts, interest rates, maturities, and associated risks and responsibilities. It emphasizes that publication of the circular is for compliance with the Listing Rules, without constituting an offer or invitation to the public. The document also confirms that no listing approval indicates credit quality or endorsement of the notes by the Hong Kong Stock Exchange.
In summary, Swire Pacific MTN Financing (HK) Limited, backed by Swire Pacific Limited’s guarantee, has prepared this circular to detail arrangements for the US$5,000,000,000 Medium Term Note Programme. This arrangement is intended strictly for professional investors in Hong Kong, with regulatory restrictions applying to distribution and sales in the United States. The notes’ final terms, including issue price, interest, and maturity period, will be set out in future pricing supplements.
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