Singapore debt listings Monday: Changi Airport, Woolworths, StoneCo, Electricidad Firme de Mexico, Alfa Desarrollo

Singapore Changi Airport Terminal 4 departure boardSingapore Changi Airport Terminal 4 departure board

These are entities which announced debt listing confirmations in Singapore on Monday, 20 September 2021: Changi Airport Group (Singapore), Woolworths Group, Stoneco Ltd., Electricidad Firme de Mexico Holdings and Alfa Desarrollo.

Changi Airport Group (Singapore)

Changi Airport Group (Singapore) said Monday its S$250 million 1.49 percent notes due 2028 would be listed on SGX’s bond market on Tuesday.

The notes, which will be trade in Singapore dollars, will be in denomination of S$250,000, which is also the minimum board lot size, the company said in a filing to SGX.

The lead managers and bookrunners of the notes are DBS Bank and UOB, the filing said.

Read more: Changi Airport Group prices S$250M notes due 2028

Woolworths Group

Woolworths Group said Monday its 550 million euro 0.375 percent sustainability-linked fixed-rate medium-term notes due 2028 would be listed on SGX’s bond market on Tuesday.

The notes, which will trade in euros, will be in denomination of 100,000 euros, which is also the minimum board lot size, the company said in a filing to SGX.

The lead managers and bookrunners of the notes are BNP Paribas, Citigroup Global Markets, HSBC, MUFG Securities Asia and SMBC Nikko Capital Markets, the filing said.

Australia-based Woolworths Group operates supermarkets in Australia and New Zealand, as well as offering financial services and insurance to its customers in Australia. The company is Australia’s largest by revenue.

Alfa Desarrollo

Alfa Desarrollo said Monday its US$1.098 billion 4.55 percent senior secured notes due 2051 would be listed on SGX’s bond market on Tuesday.

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, the company said in a filing to SGX.

The lead managers and bookrunners of the notes are J.P. Morgan Securities, Citigroup Global Markets, Santander Investment Securities and SMBC Nikko Securities America, the filing said.

In early September, Moody’s Investors Service assigned the offering a first-time Baa3 rating, with proceeds earmarked to partially fund the acquisition of Colbun’s transmission assets in Chile.

Alfa Desarrollo is a special purpose entity created to acquire Colbun Transmision; it is wholly owned by APG Energy & Infra Investments Chile Expansion, which is in turn fully owned by Dutch pension fund APG and Celeo Redes Chile. Celeo Redes Chile is 51 percent indirectly owned by Elecnor S.A., with APG owning the remainder.

StoneCo

StoneCo said Monday its US$500 million 3.95 percent senior notes due 2028 will be listed on SGX’s bond market on Tuesday.

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, the company said in a filing to SGX.

The lead managers and bookrunners for the notes are Citigroup Global Markets, J.P. Morgan Securities, Banco Bradesco BBI, Banco BTG Pactual’s Cayman Branch, Goldman Sachs & Co., HSBC Securities (USA), Itau BBA USA Securities, Morgan Stanley & Co., UBS Securities and XP Investimentos Corretora de Cambio, and Titulos e Valores Mobiliarios, the filing said.

Nasdaq-listed StoneCo is a fintech with a cloud-based platform for e-commerce across in-store, online and mobile channels in Brazil.

Electricidad Firme de Mexico Holdings

Electricidad Firme de Mexico Holdings said Monday its US$350 million 4.9 percent senior secured notes due 2026 would be listed on SGX’s bond market on Tuesday.

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, the company said in a filing to SGX.

The lead managers and bookrunners for the notes are J.P. Morgan Securities, Mizuho Securities USA and Scotia Capital (USA), the filing said.

Electricidad Firme de Mexico is a holding company of Cometa Energia, which owns and operates a portfolio of six combined cycle gas-fired power plants, one gas turbine power plant, three gas compression stations and 65 km of natural gas pipelines.

According to an 8 September Moody’s Investors Service report, the notes were assigned a Ba2 rating, with the proceeds earmarked to refinance an existing bridge loan and other general corporate purposes.

 

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