Singapore debt listings Tuesday: Indiabulls Housing Finance, Korea Development Bank, Export-Import Bank of Korea

U.S. five dollar currency notes bills; taken September 2018.U.S. five dollar currency notes bills; taken September 2018.

These are entities which announced debt listing confirmations in Singapore on Tuesday, 28 September 2021: Korea Development Bank, Indiabulls Housing Finance and The Export-Import Bank of Korea.

Korea Development Bank

The Korea Development Bank said Tuesday its US$200 million 1.75 percent fixed-rate notes due 2031 would be listed on SGX’s bond market on Wednesday.

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 of the notes is HSBC, the filing said.

The state-owned policy bank, Korea Development Bank, provides industrial capital to help develop South Korea’s economy.

Indiabulls Housing Finance

Indiabulls Housing Finance said Tuesday its US$165 million 4.50 percent secured convertible bonds due 2026 would be listed on SGX’s bond market on Wednesday.

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 mortgage lender said in a filing to SGX.

The lead managers and bookrunners of the notes are CLSA, Deutsche Bank’s Singapore branch, Edelweiss Financial Services (UK) and Elara Capital, the filing said.

Indiabulls Housing Finance is an India-based mortgage lender, among the country’s largest housing finance companies.

Export-Import Bank of Korea

The Export-Import Bank of Korea said Tuesday its 715 million South African rand 8.05 percent notes due 2031 would be listed on SGX’s bond market on Wednesday.

The notes, which will trade in rand (ZAR), will be in denomination of 1 million rand, integral multiples of 1 million rand and will have a minimum board lot size of 200,000 rand with a minimum of 25 lots, the bank said in a filing to SGX.

The lead managers and bookrunners of the notes are SG Securities (HK)’s Taipei branch, CTBC Bank and E.SUN Commercial Bank, the filing said.

The Export-Import Bank of Korea provides financial support, including credit, to South Korean companies for export and import deals, overseas investments and developing natural resources overseas.

 

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