Singapore debt listings Wednesday: Hyundai Capital Services, Industrial Investment Overseas

U.S. one-dollar currency notes; taken September 2018.U.S. one dollar bills.

These are entities which announced debt listing confirmations on SGX on Wednesday, 11 August 2021: Hyundai Capital Services and Industrial Investment Overseas.

Hyundai Capital Services

Hyundai Capital Services said Wednesday its 700 million yuan 3.20 notes due 2024 would be listed on SGX’s bond market on Thursday.

The notes, which will be traded in Chinese yuan, will be in denominations of 1 million yuan and will trade in minimum board lot sizes of 100,000 yuan with a minimum of 10 board lots in a single transaction, the company said in a filing to SGX.

The lead managers and bookrunners of the notes are HSBC and Mizuho Securities Asia, the filing said.

Industrial Investment Overseas

Industrial Investment Overseas said Wednesday its US$250 million 2.3 percent notes due 2022 would be listed on SGX on Thursday.

The notes, which will be traded in U.S. dollars, will be in denominations of US$200,000 and will trade in minimum board lot sizes of US$200,000, the entity said in a filing to SGX.

The lead managers and bookrunners of the notes are China International Capital Corp. Hong Kong Securities Ltd., Bank of China, China CITIC Bank International, China Securities (International) Corporate Finance Co., China Everbright Bank’s Hong Kong branch, China Merchants Securities (HK), Huatai Financial Holdings (Hong Kong), Shanghai Pudong Development Bank’s Hong Kong branch, Orient Securities (Hong Kong), and Shenwan Hongyuan Securities (HK), the filing said.

Industrial Investment Overseas is a British Virgin Islands-registered special purpose vehicle to act as an offshore financing platform for the Nanjing Jiangbei New District Management Committee, a dispatched agency of the Nanjing City Government, focusing on implementing the strategic blueprint for economic and municipal development in Jiangbei New District, which is a national-level economic development zone, according to an earlier debt offering circular.

Yangzi Investment Group, the Nanjing Jiangbei New District Management Committee, Gongrong Investment and Jianxin Investment held approximately 45.04 percent, 43.27 percent, 6.88 percent and 4.81 percent, respectively, of Industrial Investment Overseas as of end-June 2020, according to the circular.

 

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