Singapore debt listings Tuesday: Korea Development Bank, Taiflex Scientific, Zhongrong Intl

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

These are entities which announced debt listing confirmations in Singapore on Tuesday, 30 November 2021: Korea Development Bank, Taiflex Scientific and Zhongrong International.

Korea Development Bank

The Korea Development Bank said Tuesday its US$20 million zero-coupon note due 2051 (ISIN code: XS2399145783) 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 development bank said in a filing to SGX.

The lead manager and bookrunner of the bonds is Credit Agricole Corporate and Investment Bank, the filing said.

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

Taiflex Scientific

Taiflex Scientific said Tuesday its US$70 million global zero-coupon convertible bonds due 2026 (ISIN code: XS2385251017) 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$100,000, which is also the minimum board lot size, the company said in a filing to SGX.

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

Taiwan-listed Taiflex Scientific is a manufacturer of electronic parts and components.

Zhongrong International Bond 2021

Zhongrong International Bond 2021 Ltd. said Tuesday its US$100 million 6.8 percent guaranteed notes due 2022 (ISIN code: XS2413625232) 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 company said in a filing to SGX.

The lead managers and bookrunners are Silk Road International Capital, Zhongrong PT Securities, China Vered Securities, Valuable Capital and CGINT (HK), the filing said.

Zhongrong International, the bond’s guarantor, provides equity investment, asset management and business advisory services.

 

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