SG debt listings Thursday: Del Monte Pacific, Hainan Airlines (Hong Kong)

Can of Del Monte brand pineappleCan of Del Monte brand pineapple

These are entities which announced debt listing confirmations in Singapore on Thursday, 9 December 2021: Del Monte Pacific Ltd. (DMPL) and Hainan Airlines (Hong Kong).

Del Monte Pacific Ltd.

Del Monte Pacific Ltd. (DMPL) said Thursday its US$90 million 3.75 percent senior notes due 2024 (ISIN code: XS2413681144) would be listed on SGX’s bond market on Friday.

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 manager and bookrunner of the notes is Credit Suisse (Singapore), the filing said.

Philippines-based Del Monte Pacific Ltd. (DMPL)’s product segments include convenience cooking and desserts, such as sales of packaged tomato-based products, including spaghetti sauce and ketchup, and soy sauces under the Kikkoman brand as a distributorship in the Philippines. The company also sells packaged pineapple solids and tropical mixed-fruit products, under the Del Monte, Fiesta and Today’s brands.

Other products include ready-to-drink juices and pineapple juice concentrate, as well as packaged fruit products sold under the S&W and Del Monte brand.

Hainan Airlines (Hong Kong)

Hainan Airlines (Hong Kong) said Thursday its US$100 million 12 percent guaranteed bonds due 2020 (ISIN code: XS1829905741) would be listed on SGX’s bond market on Friday.

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 manager and bookrunner of the notes is Guotai Junan Securities (Hong Kong), the filing said.

Hainan Airlines (Hong Kong) is a special purpose entity formed by Hainan Airlines Holding to issue bonds and lease aircraft; Hainan Airlines Holding guarantees the bonds.

On Wednesday, HNA Group said it transferred management of China-listed Hainan Airlines Holding to strategic investor Liaoning Fangda Group, according to a Reuters report. HNA had been placed into bankruptcy administration, the report said. Hainan Airlines Group, which was listed on the Shanghai Stock Exchange, operates Hainan Airlines and other carriers.

 

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