Context : The burst-only source Swift J1749.4 - 2807 was discovered in a high X-ray-active state , while during an INTEGRAL observations of the Galactic bulge on 2010 April 10 . Pulsations at 518 Hz were discovered in the RXTE data , confirming previous suggestions of possible associations between burst-only sources and accreting millisecond X-ray pulsars . The subsequent discovery of X-ray eclipses made Swift J1749.4 - 2807 the first eclipsing accreting millisecond X-ray pulsar . Aims : We obtain additional information on Swift J1749.4 - 2807 and other burst-only sources . Methods : We report on the results of a monitoring campaign on the source , carried out for about two weeks with the Swift ,  INTEGRAL ,  and RXTE  satellites . Results : The observations showed that the X-ray spectrum ( energy range 0.5–40 keV ) of Swift J1749.4 - 2807 during the entire event was accurately modeled by an absorbed power-law model ( N _ { H } \simeq 3 \times 10 ^ { 22 }  cm ^ { -2 } , \Gamma \simeq 1.7 ) . X-ray eclipses were also detected in the Swift  data and provides a clear evidence of a dust-scattering halo located along the line of sight to the source . Only one type-I X-ray burst was observed throughout the two-weeks long monitoring . The X-ray flux of Swift J1749.4 - 2807 decayed below the detection threshold of Swift /XRT about 11 days after the discovery , in a exponential fashion ( e-folding time of \tau =12 ^ { +7 } _ { -3 }  days ) . Conclusions : We compare the properties of the outburst observed from Swift J1749.4 - 2807 with those of the previously known millisecond X-ray pulsars and other transient low mass X-ray binaries .