CORRECTION: Singapore debt listings Friday: Sumitomo, Keppel REIT, Trafigura, Shinhan Bank, Bank Negara Indonesia, Korea Electric Power

Keppel REIT’s Ocean Financial CenterKeppel REIT’s Ocean Financial Center. Photo taken pre-Covid.

These are entities which announced debt listing confirmations in Singapore on Friday, 24 September 2021: Trafigura Group, Shinhan Bank, Sumitomo Corp. of Americas, PT Bank Negara Indonesia (Persero), Korea Electric Power and Keppel REIT.

Trafigura Group

Correction: In a filing to SGX Monday, Trafigura stated its notes would be listed on SGX’s bond market on Tuesday, not Monday. 

Trafigura Group said Friday its US$400 million perpetual resettable step-up subordinated securities would be listed on SGX’s bond market.

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 (Singapore), Citigroup Global Markets Singapore, DBS Bank and Standard Chartered Bank (Singapore), the filing said.

In a press release earlier this month, Trafigura said the bond issuance met with strong support from institutional investors and private banks in Asia and Europe, with more than 160 investors participating in the deal.

Singapore-based Trafigura is a physical commodities trading group, sourcing, transporting and delivering raw materials including oil, refined products, metals and minerals.

PT Bank Negara Indonesia (Persero)

PT Bank Negara Indonesia (Persero) Tbk. said Friday its US$600 million additional tier 1 perpetual non-cumulative capital securities 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, the bank said in a filing to SGX.

The lead managers and bookrunners of the securities are J.P. Morgan Securities, UBS AG’s Singapore Branch and BNI Securities, the filing said.

Jakarta-listed PT Bank Negara Indonesia (Persero), or BNI, is an Indonesian state-owned bank; its services include corporate, small-to-medium sized enterprise, consumer and treasury.

Keppel REIT

Keppel REIT MTN, a subsidiary of Keppel REIT, said Thursday its S$150 million 2.07 percent notes due 2028 would be listed on SGX’s bond market on Monday.

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

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

Singapore-listed Keppel REIT holds a portfolio of 10 Grade A commercial assets located in central business districts in Singapore, Sydney, Melbourne, Perth and Seoul.

Korea Electric Power

Korea Electric Power said Friday its US$300 million 1.125 percent senior 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, the utility said in a filing to SGX.

The lead managers and bookrunners of the notes are Citigroup Global Markets, Credit Agricole Corporate and Investment Bank and HSBC, the filing said.

Korea Electric Power, or KEPCO, is South Korea’s largest electric utility; it develops electric power sources, generates supply, handles transmission and technological development.

Shinhan Bank

Shinhan Bank said Friday its US$50 million 0.35 percent senior unsecured notes due 2022 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, the bank said in a filing to SGX.

The lead manager and bookrunner for the notes is BNP Paribas, the filing said.

South Korea-based Shinhan Bank, part of the Seoul-listed Shinhan Financial Group, has operations across Indonesia, Mexico, Vietnam, Japan, Canada, China, Kazakhstan, Cambodia, Europe and the Americas. It offers banking services including retail, personal banking, wealth management, small-to-medium enterprises, large corporates and investment banking.

Sumitomo Corp. of Americas

Sumitomo Corp. of Americas said Friday its US$30 million floating 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$2 million, with a minimum board lot size of US$500,000, with a minimum of four board lots in a single transaction, the filing said.

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

Sumitomo Corp. of Americas holds the North, Central and South American operations of Sumitomo Corp., supplying tubular products for the oil and gas industry, developing infrastructure projects, including in the renewable energy industry, supplying automotive parts and services for the U.S. auto industry, as well as construction and aerospace services.

Japan’s Sumitomo Corp. supplies metal products, transportation and construction systems, infrastructure — such as water, airports and renewable energy — real estate, and digital services.

 

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