Singapore debt listings Friday: Industrial Bank of Korea, Chongqing International Logistics Hub Park Construction

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

These are entities which announced debt listing confirmations on SGX on Friday, 20 August 2021: Industrial Bank of Korea and Chongqing International Logistics Hub Park Construction.

Industrial Bank of Korea

Industrial Bank of Korea said Friday its US$21 million 1.2 percent fixed-rate notes due 2026 would be listed on SGX’s bond market on Monday.

The notes, which will trade in U.S. dollars, will be in denomination of US$200,000 and will trade with a minimum board lot size of US$200,000, the filing said.

The lead manager and bookrunner for the notes is Mizuho Securities Asia, the filing said.

Chongqing International Logistics Hub Park Construction

Chongqing International Logistics Hub Park Construction said Friday its US$160 million 5.3 percent notes due 2024 will be listed on SGX’s bond market on Monday.

The notes, which will trade in U.S. dollars, will be denominations of US$200,000 and will trade with a minimum board lot size of US$200,000, the Chinese government-related enterprise said in a filing to SGX.

The lead managers and bookrunners of the notes are DBS Bank, ICBC International Securities, Guotai Junan Securities (Hong Kong), Zhongtai International Securities, Fosun Hani Securities, China International Capital Corp. Hong Kong Securities, CEB International Capital Corp., SPDB International Capital, Carnegie Hill Capital Partners and Haitong International Securities, the filing said.

In a September 2020 note, Fitch Ratings said that due to the company’s policy role in developing the Chongqing International Logistics Hub Park, the government likely has a strong incentive to provide extraordinary support, if needed. Chongqing Logistics is wholly owned by Shapingba district’s State-owned Assets Supervision and Administration Commission, Fitch said.