Singapore Exchange said Thursday it established a S$1.5 billion multicurrency debt issuance program which can issue medium-term notes or perpetual securities in any currency, amount or tenor.
“The establishment of the multicurrency debt issuance program is in line with SGX’s priorities to grow our asset classes across geographies and to invest strategically as our business expands,” Loh Boon Chye, CEO of SGX, said in the statement.
“The program will provide us with the flexibility to capture growth opportunities quickly when the need arises, while allowing us to actively manage our balance sheet,” Loh added.
No securities have been issued at this time, SGX said in a statement.
The program will allow securities to be issued to institutional investors, and for retail notes for trading on the SGX Mainboard, the statement said.
SGX said it may also issue unlisted securities under the program, or securities which may be listed on exchanges other than SGX.
Any net proceeds will be sued to finance investments or for general working capital purposes, unless otherwise specified in the pricing supplement, SGX said.
DBS Bank and Standard Chartered Bank (Singapore) are the program’s arrangers, the statement said.