Singapore debt listings Tuesday: Maybank and Connecticut Avenue Securities Trust

Maybank branch in SingaporeMalaysian Banking, or Maybank, branch in Singapore

These are entities which announced debt listing confirmations in Singapore on Tuesday, 14 December 2021: Malayan Banking (Maybank) and Connecticut Avenue Securities Trust.

Malayan Banking

Malayan Banking (Maybank) said Tuesday its 170 million yuan 3.2 percent fixed-rate notes due 2024 (ISIN code: XS2421273587) would be listed on SGX’s bond market on Wednesday.

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

The lead managers and bookrunners of the notes are Maybank Kim Eng Securities and Merrill Lynch Singapore, the filing said.

Connecticut Avenue Securities Trust

Connecticut Avenue Securities Trust 2021-R02, U.S. residential mortgage-backed securities, will begin trading on SGX’s bond market on Wednesday, according to a filing to SGX.

Fitch Ratings said in November note that the reference pool holds high quality mortgage loans acquired by Fannie Mae between 1 October 2020 and 31 December 2020, with loan-to-value ratios greater than 80 percent.

“Overall, the reference pool’s collateral characteristics reflect the strong credit profile of post-crisis mortgage originations,” Fitch said.


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