Singapore debt listings Wednesday: Temasek, Cromwell European REIT, Farsail Goldman, Canacol Energy

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These are entities which announced debt listing confirmations in Singapore on Wednesday, 24 November 2021: Temasek Holdings, Cromwell European REIT, Farsail Goldman International and Canacol Energy.

Temasek Holdings

Singapore state-owned investment company Temasek Holdings, via entity Temasek Financial (IV), said Wednesday its S$500 million 1.8 percent guaranteed notes due 2026 (ISIN code: SGXF88630292) would be listed on SGX’s bond market on Thursday.

Each board lot of notes will have S$1,000 in principal amount, Temasek said in a filing to SGX.

Read more: Temasek T2026-S$ bond offer upsized to S$500M after bids topped S$2B

Cromwell European REIT

Perpetual (Asia), in its capacity as the trustee of Cromwell European REIT, said Wednesday its S$100 million 5 percent subordinated perpetual securities (ISIN code: SGXF90369095) would be listed on SGX’s bond market on Thursday.

The notes, whish 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 Credit Suisse (Singapore), DBS Bank and OCBC, the filing said.

Read more: UPDATE: Cromwell European REIT prices S$100M fixed-rate perpetual securities

Farsail Goldman International

Farsail Goldman International said Wednesday its HK$2.418 billion 7 percent secured guaranteed exchangeable bonds due 2026 (ISIN code: XS2406577911) would be listed on SGX’s bond market on Thursday.

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$200,000 with a minimum of 10 lots, the company said in a filing to SGX.

The lead manager and bookrunner of the bonds is Goldman Sachs Asia, the filing said.

Farsail Goldman is an indirect wholly owned subsidiary of Hong Kong-listed property developer Agile Group.

In July, Farsail Goldman agreed to acquire 50 million overseas-listed A-shares of property manager A-Living Smart City Services for a total consideration of HK$1.6 billion, bringing its stake up to 54.31 percent.

Earlier this month, Agile Group said Farsail Goldman’s convertible bonds will be exchangeable into A-Living Smart City Services’ H-shares, with the exchange price of HK$27.48 a share, marking a premium to the market price. A-Living’s Hong Kong shares were down 4.16 percent Wednesday at HK$19.36. The net proceeds of the bonds would be used to refinance existing debt coming due within a year.

Canacol Energy

Canacol Energy said Wednesday its US$500 million 5.75 percent senior notes due 2028 (ISIN codes: US134808AD63 and USU13518AC64) would be listed on SGX’s bond market on Thursday.

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 Citigroup Global Markets and Credit Suisse Securities (USA), the filing said.

Canacol Energy is a natural gas exploration and production company based in Colombia.

 

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