UPDATE: Singapore debt listings Friday: Marubeni, Industrial Bank of Korea, HPHT

Port facilities in Hong KongPort facilities in Hong Kong

These are entities which announced debt listing confirmations in Singapore on Friday, 17 September 2021: Marubeni Corp., Industrial Bank of Korea and Hutchison Port Holdings Trust (HPHT).

This item was initially published on Friday 17 September 2021 at 23:57 SGT; it has since been updated to include more information on the HPHT bond offering. 

Hutchison Port Holdings Trust

Hutchison Port Holdings Trust’s (HPHT) wholly owned subsidiary HPHT Finance said Friday its US$500 million 1.5 percent 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, which is also the minimum board lot size, HPHT Finance said in a filing to SGX.

The lead managers and bookrunners of the notes are Merrill Lynch (Asia Pacific), DBS Bank, HSBC and Standard Chartered Bank (Hong Kong), the filing said.

In a separate filing to SGX, HPHT said the net proceeds of the issuance would be used to refinance certain indebtedness of HPH Trust subsidiaries which is falling due in the near term and which would offer an economic benefit from early repayment. The trust may also use the funds for general corporate purposes, including capital expenditure, the filing said.

Marubeni

Marubeni Corp. said Friday its US$500 million 1.577 percent bonds 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, which is also the minimum board lot size, Marubeni said in a filing to SGX.

The lead managers and bookrunners of the bonds are BofA Securities, J.P. Morgan Securities and Mizuho Securities, the filing said.

Japan-based Marubeni is a commodity trading company, with businesses including information technology, utilities, energy food and metals.

Industrial Bank of Korea

Industrial Bank of Korea said Friday its US$500million 0.625 percent notes due 2024 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, which is also the minimum board lot size, Industrial Bank of Korea said in a filing to SGX.

The lead managers and bookrunners of the notes are Citigroup Global Markets, HSBC, Merrill Lynch International, Standard Chartered Bank, IBK Securities and KB Securities, the filing said.