Singapore debt listings Wednesday: Korea Development Bank, Qingdao High-Speed Train Industry

Australian notes and coins

These are entities which announced debt listing confirmations in Singapore on Wednesday, 15 December 2021: Korea Development Bank and Qingdao High-Speed Train Industry Development Group (BVI).

Korea Development Bank

Korea Development Bank said Wednesday its A$30 million 3.19 percent notes due 2041 (ISIN code: XS2414810007) would be listed on SGX’s bond market on Thursday.

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 with a minimum of five lots, the bank said in a filing to SGX.

The lead manager and bookrunner of the notes is Mizuho Securities Asia, the filing said.

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

Qingdao High-Speed Train Industry Development Group (BVI)

Qingdao High-Speed Train Industry Development Group (BVI) said Wednesday its US$50 million 2.90 percent credit enhanced bonds due 2024 (ISIN code: XS2420253697) 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 entity said in a filing to SGX.

The lead managers and bookrunners of the bonds are Orient Securities (Hong Kong), Fosun Hani Securities, Huatai Financial Holdings (Hong Kong) and Harmonia Capital, the filing said.

Qingdao High-Speed Train Industry Development Group (BVI) is wholly owned by Qingdao Chengyang District State-owned Assets Development Centre, which is under the administration of the China’s Chengyang District of Qingdao and which mainly implements infrastructure construction projects in the district.

The keepwell provider of the bonds is Qingdao Bullet Train Town Investment Group, the bond’s prospectus said.

 

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