UPDATE: Singapore debt listings Thursday: DBS, Indonesia, Frasers Property, Total Play Telco, JSW Steel, Scotiabank, Jinan Urban Construction, Future Diamond

Temples at Yogyakarta, Indonesia; taken September 2015Temples at Yogyakarta, Indonesia; taken September 2015

These are entities which announced debt listing confirmations in Singapore on Thursday, 23 September 2021: DBS Group, Republic of Indonesia, Total Play Telecomunicaciones, JSW Steel, The Bank of Nova Scotia, Jinan Urban Construction International Investments, Future Diamond Ltd., Bangkok Bank, AYC Finance and Nanjing Niushoushan Cultural Tourism Group.

This item was originally published on Thursday, 23 September 2021 at 12:42 p.m. SGT; it has since been updated to include Frasers Property. 

Republic of Indonesia

Republic of Indonesia said Thursday its US$650,000 3.2 percent bonds due 2061 would be listed on SGX’s bond market on Friday.

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 entity said in a filing to SGX.

The lead managers and bookrunners of the notes are BofA Securities, Citigroup Global Markets, Credit Agricole Corporate and Investment Bank’s Singapore branch, HSBC, UBS AG’s Singapore branch, PT BRI Danareksa Sekuritas and PT Trimegah Sekuritas Indonesia, the filing said.

Republic of Indonesia

Republic of Indonesia said Thursday its 500 million euro 1.3 percent bonds due 2.34 would be listed on SGX’s bond market on Friday.

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

The lead managers and bookrunners of the notes are Citigroup Global Markets, Credit Agricole Corporate and Investment Bank’s Singapore branch, Merrill Lynch (Singapore), HSBC, UBS AG Singapore, PT BRI Danareksa Sekuritas and PT Trimegah Sekuritas Indonesia, the filing said.

DBS Group

DBS Group said Thursday its HK$1.4 billion 1.074 percent notes due 2026 would be listed on SGX’s bond market on Friday.

The notes, which will trade in Hong Kong dollars, will be in denomination of HK$1 million, with a minimum board lot size of HK$100,000 and a minimum of 20 lots in a single transaction, the Singapore bank said in a filing to SGX.

The lead manager and bookrunner of the notes is DBS Bank, the filing said.

JSW Steel

JSW Steel said Thursday its US$500 million 3.95 percent notes due 2027 would be listed on SGX’s bond market on Friday.

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 Credit Suisse (Hong Kong), Deutsche Bank’s Singapore branch, Standard Chartered Bank, Axis Bank’s Singapore branch, BNP Paribas, Mizuho Securities Asia, MUFG Securities and State Bank of India’s London Branch, the filing said.

JSW Steel, a subsidiary of JSW Group, is an Indian multinational steelmaker

JSW Steel

JSW Steel said Thursday its US$500 million 5.05 percent notes due 2032 would be listed on SGX’s bond market on Friday.

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 Credit Suisse (Hong Kong), Deutsche Bank’s Singapore branch, Standard Chartered Bank, Axis Bank’s Singapore branch, BNP Paribas, Mizuho Securities Asia, MUFG Securities and State Bank of India’s London Branch, the filing said.

JSW Steel, a subsidiary of JSW Group, is an Indian multinational steelmaker.

Bangkok Bank

Bangkok Bank said Thursday its US$1 billion 3.466 percent fixed-rate tier-2 subordinated notes due 2036 would be listed on SGX’s bond market on Friday.

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 Thai bank said in a filing to SGX.

The lead managers and bookrunners of the notes are Morgan Stanley & Co. International, Citigroup Global Markets, J.P. Morgan Securities and HSBC, the filing said.

Total Play Telecomunicaciones

Total Play Telecomunicaciones said Thursday its US$600 million 6.375 percent senior notes due 2028 would be listed on SGX’s bond market on Friday.

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 Mexican telco said in a filing to SGX.

The lead managers and bookrunners of the notes are Barclays Capital, Credit Suisse Securities (USA), Jefferies LLC and BCP Securities, the filing said.

Total Play Telecomunicaciones is a Mexican telecom offering both landline and mobile telco services as well as internet and cable television services.

AYC Finance

AYC Finance said Thursday its US$400 million 3.90 percent guaranteed undated notes would be listed on SGX’s bond market on Friday.

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 BPI Capital, Citigroup Global Markets Singapore, Credit Suisse (Singapore), J.P. Morgan (S.E.A.), Mizuho Securities (Singapore) and UBS AG’s Singapore branch, the filing said.

AYC Finance is a special purpose entity for issuing debt securities for Philippines-based Ayala Corp.

Jinan Urban Construction International Investments

Jinan Urban Construction International Investments said Thursday its US$305 million 2.4 percent guaranteed bonds due 2026 would be listed on SGX on Friday.

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 entity said in a filing to SGX.

The lead managers and bookrunners of the notes are Guotai Junan Securities (Hong Kong), Huatai Financial Holdings (Hong Kong), Zhongtai International Securities, CLSA, Industrial Bank’s Hong Kong branch, China Everbright Bank’s Hong Kong branch, CEB International Capital Corp., BOCOM International Securities, Shanghai Pudong Development Bank’s Hong Kong branch, CMBC Securities, CNBC (Hong Kong) Capital and Bank of China, the filing said.

Fitch Ratings assigned the notes a BBB-plus rating.

Jinan Urban Construction International Investments is an indirect, partly owned subsidiary of Jinan City Construction Group, which is a state-owned entity focusing on urban development and infrastructure in Jinan, China.

Frasers Property

Frasers Property said Thursday its S$200 million 3 percent notes due 2028 would be listed on SGX’s bond market on Friday.

The notes, which will be traded in Singapore dollars, will be in denomination of S$250,000, which is also the minimum board lot size, the Singapore-listed property investor and developer said in a filing to SGX.

The lead manager and bookrunner of the notes is OCBC, the filing said.

Read more: Frasers Property prices S$200M notes due 2028

Future Diamond

Future Diamond said Thursday its US$200 million 4.25 percent guaranteed senior notes due 2022 would be listed on SGX’s bond market on Friday.

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 book runners of the notes are CMB International Capital, Haitong International Securities, Huatai Financial Holdings (Hong Kong), CLSA, Central Wealth Securities Investment, Seazen Resources Securities and Shenwan Hongyuan Securities (H.K.), the filing said.

The notes are guaranteed by Seazen Group and Seazen Resources Capital. China-based Seazen Holdings is a real estate group.

Nanjing Niushoushan Cultural Tourism Group

Nanjing Niushoushan Cultural Tourism Group said Thursday its US$150 million 2.05 percent credit enhanced bonds due 2024 woulc be listed on SGX on Friday.

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 entity said in a filing to SGX.

The lead managers and bookrunners of the notes are Shanghai Pudong Development Bank’s Hong Kong branch, Fosun Hani Securities, China Zheshang Bank’s Hong Kong branch and China Industrial Securities International Brokerage, the filing said.

Bank of Nova Scotia

The Bank of Nova Scotia said Thursday its A$13 million callable zero-coupon notes due 2036 would be listed on SGX’s bond market on Friday.

The notes, which will trade in Australian dollars, will be in denomination of A$1 million, with a minimum board lot size of A$500,000, the bank said in a filing to SGX.

The lead manager and bookrunner of the notes is The Bank of Nova Scotia’s Hong Kong branch, the filing said.

The Bank of Nova Scotia, which operates as Scotiabank, is one of Canada’s Big Five banks, offering personal, commercial, investment and private banking. Outside of Canada, the bank has operations in Latin America and Asia.