Singapore debt listings Friday: Medco Laurel Tree, Ganglong China Property, Suzhou Industrial Park

U.S. one-dollar currency notes; taken September 2018.U.S. one-dollar currency notes; taken September 2018.

These are entities which announced debt listing confirmations in Singapore on Friday, 12 November 2021: Medco Laurel Tree, Ganglong China Property Group and Suzhou Industrial Park State Capital Investment and Operation Holdings.

Ganglong China Property Group

Ganglong China Property Group said Friday its US$158 million 13.5 percent senior notes due 2022 (ISIN code: XS2400313883) 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, with a minimum board lot size of US$200,000, the company said in a filing to SGX.

The lead managers and bookrunners of the notes are Guotai Junan Securities (Hong Kong), CMB International Capital, Seazen Resources Securities, Wisdom Bright Asset Management, ARTA Global Markets, Zhongtai International Securities, Glory Sun Securities, Huajin Securities (International) and FUTEC Financial, the filing said.

Hong Kong-listed Ganglong China Property is a property developer based in the Yangtze River Delta area, focusing mainly on residential, with ancillary facilities, such as retail units.

Medco Laurel Tree

Medco Laurel Tree said Friday its US$400 million 6.95 percent senior notes due 2028 (ISIN code: US58406RAA68 and USY59500AA95) 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, with a minimum board lot size of US$200,000, the company said in a filing to SGX.

The lead managers and bookrunners of the notes are Morgan Stanley Asia (Singapore), DBS Bank, ING Bank’s Singapore branch, ANZ Banking Group and Standard Chartered Bank (Singapore), the filing said.

Medco Laurel Tree is a wholly owned subsidiary of Medco Energi Internasional, an Indonesian upstream oil and gas company. Fitch Ratings has assigned the notes a B-plus rating.

Suzhou Industrial Park State Capital Investment and Operation Holdings

Suzhou Industrial Park State Capital Investment and Operation Holdings said Friday its 1 billion yuan 3.6 percent bonds due 2031 (ISIN code: SGXT59971786) would be listed on SGX’s bond market on Monday.

The notes, which will trade in Chinese yuan, will be in denomination of 1 million yuan, with a minimum board lot size of 200,000 yuan and a minimum of five lots, the entity said in a filing to SGX.

The lead managers and bookrunners of the bonds are China Securities (International) Corporate Finance, DBS Bank and Hung Sing Securities, the filing said.

 

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