Singapore debt listings Wednesday: Mexico’s Banorte, Bizlink, HK Onlink

U.S. five dollar currency notes bills; taken September 2018.

These are entities which announced debt listing confirmations in Singapore on Wednesday, 12 January 2022: Bizlink Holding, HK Onlink Technology and Banco Mercantil Del Norte (Cayman Islands branch). 

Banco Mercantil Del Norte (Cayman Islands branch)

Banco Mercantil Del Norte (Cayman Islands branch) said Wednesday its US$500 million 5.875 percent perpetual five-year callable subordinated non-preferred non-cumulative tier-1 capital notes (ISIN code: US05973KAA51 and USP1401KAA99) 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 Mexican bank said in a filing to SGX. 

The lead mangers and bookrunners for the bonds are Goldman Sachs & Co., Credit Suisse, Barclays, Morgan Stanley and MUFG, the filing said. 

Banco Mercantil Del Norte, or Banorte, is a subsidiary of Grupo Financiero Banorte, a Mexican banking and financial services holding company.

Banco Mercantil Del Norte (Cayman Islands branch)

Banco Mercantil Del Norte (Cayman Islands branch) said Wednesday its US$550 million 6.625 percent perpetual 10-year callable subordinated non-preferred non-cumulative tier-1 capital notes (ISIN code: US05973KAB35 and USP1401KAB72) 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 Mexican bank said in a filing to SGX. 

The lead mangers and bookrunners for the bonds are Goldman Sachs & Co., Credit Suisse, Barclays, Morgan Stanley and MUFG, the filing said. 

Banco Mercantil Del Norte, or Banorte, is a subsidiary of Grupo Financiero Banorte, a Mexican banking and financial services holding company.

Bizlink Holding

Bizlink Holding said Wednesday its US$125 million zero-coupon convertible bonds due 2027 (ISIN code: XS2427038711) would be listed on SGX 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 Taiwan-listed technology company said in a filing to SGX. 

The lead managers and bookrunners of the notes are UBS AG’s Hong Kong branch, the filing said. 

The company designs systems integration, assembly and testing, software support, manufacturing automation, including for semiconductor equipment connection cables and electric vehicle cables, according to a Reuters profile. 

HK Onlink Technology

HK Onlink Technology said Wednesday its US$150 million 1.9 percent credit-enhanced bonds due 2023 (ISIN code: XS2428709211) 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 China state-owned entity said in a filing to SGX. 

The lead managers and bookrunners for the notes are JQ Securities (Hong Kong), China Industrial Securities International Brokerage, Haitong International Securities, Hung Sing Securities, Shanghai Pudong Development Bank’s Hong Kong branch, and Southwest Securities (HK), the filing said. 

HK Onlink Technology is a subsidiary of Zhenjiang State-owned Investment Holding Group, which is a major industrial investment platform of the Zhenjiang Municipal People’s Government.

Zhenjiang State-owned Investment Holding Group is a wholly state-owned enterprise under the direct management and supervision of the Zhenjiang SASAC, the local counterpart of China’s State Administration of State-owned Assets Commission. Zhenjiang State-owned Investment Holding Group has operations ranging from condiments to chemicals to paper and real estate.

 

 

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