Singapore debt listings: Bank of Nova Scotia, Korea Development Bank, ICTSI

Singapore's container port. Photo taken November 2021Singapore's container port. Photo taken November 2021

These are entities which announced debt listing confirmations in Singapore on Friday, 19 November 2021: Bank of Nova Scotia, Korea Development Bank and ICTSI Treasury B.V.

The Korea Development Bank

The Korea Development Bank said Friday its US$20 million zero-coupon notes due 2051 (ISIN code: XS2411131753) 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$100,000, with a minimum board lot size of US$200,000, the bank said in a filing to SGX.

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

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

ICTSI Treasury B.V.

ICTSI Treasury B.V., which is a wholly owned subsidiary of port operator International Container Terminal Services (ICTSI), said Friday its US$300 million 3.5 percent guaranteed senior notes due 2031 (ISIN code: XS2407048632) 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 filing said.

The lead managers and bookrunners of the notes are Citigroup Global Markets and HSBC, the filing said.

Philippine news site Inquirer.net reported the proceeds would be used for refinancing and general corporate purposes, including funding a tender offer for existing perpetual securities from its subsidiary Royal Capital B.V.

Bank of Nova Scotia

Bank of Novia Scotia said Friday its A$13 million callable zero-coupon notes due 2036 (ISIN code: XS2411700987) would be listed on SGX’s bond market on Monday.

The notes, which will trade in Australian dollars, will be in denomination of A$1 million, with a minimum board lot size of A$200,000, 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’s 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.

 

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