Market sources indicate that SWIRE PACIFIC A (00019)/(00087) plans to launch a roadshow for a seven-year USD bond as early as Thursday (August 21) to refinance $500 million notes maturing in September. Approximately 30% of Swire's total debt is denominated in RMB, and the company continues to seek opportunities to diversify into other currencies. Company executives noted that SWIRE PACIFIC chose a seven-year term, while most of its bank financing carries five-year maturities.
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