These are entities which announced debt listing confirmations in Singapore on Monday, 17 January 2022: Oi Movel and Wenzhou Lucheng District State-Owned Holding Group.
Oi Movel said Monday its US$880 million 8.75 percent senior secured notes due 2026 (ISIN code: XS2370808318) would be listed on SGX’s bond market on Monday.
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 Brazilian telco, which is in judicial reorganization, said in a filing to SGX.
The lead manager and bookrunners of the notes are Banco BTG Pactual’s Cayman Branch, Citigroup Global Markets and Morgan Stanley & Co. International, the filing said.
Fitch Ratings said in a December note that its long-term foreign and local currency issuer default rating (IDR) on Oi was at CCC-plus, reflecting a weak cash flow outlook and likely limited dividend distribution ahead.
Wenzhou Lucheng District State-Owned Holding Group
Wenzhou Lucheng District State-Owned Holding Group said Monday its 972 million yuan 4.10 percent credit-enhanced bonds due 2025 (ISIN code: XS2429324986) would be listed on SGX’s bond market on Tuesday.
The notes, which will trade in Chinese 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 construction-sector entity said in a filing to SGX.
No managers or bookrunners were provided.