SG debt listings Wednesday: KDB, Acu Petroleo, State Bank of India, GEMSA

U.S. two-dollar billsPhoto by Leslie Shaffer

These are entities which announced debt listing confirmations in Singapore on Wednesday, 26 January 2022: Korea Development Bank, Acu Petroleo Luxembourg, State Bank of India’s London branch, and Generacion Mediterranea S.A. and Central Termica Roca S.A.

State Bank of India’s London branch

State Bank of India, via its London branch, said Wednesday its US$300 million 2.49 percent notes due 2027 (ISIN code: XS2432299449) 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 bank said in a filing to SGX.

State Bank of India is a public sector banking and services entity, based in Mumbai; it is the largest Indian bank with a quarter market share, according to its website.

Acu Petroleo Luxembourg

Acu Petroleo Luxembourg said Wednesday its US$600 million 7.5 percent senior secured notes due 2035 (ISIN codes: US00110RAA59 and USL0R80QAA10) 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$250,000, which is also the minimum board lot size, the company said in a filing to SGX.

Brazil-based Acu Petroleo, a partnership between Prumo and Oiltanking, provides oil-movement infrastructure and services, and operates the oil terminal at the Port of Acu. Acu Petroleo Luxembourg is wholly owned by Acu Petroleo and was created to issue notes for it parent.

Korea Development Bank

The Korea Development Bank (KDB) said Wednesday its US$200 million 2.25 percent notes due 2032 (ISIN code: XS2436141399) 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 development bank said in a filing to SGX.

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

Generacion Mediterranea and Central Termica Roca

Generacion Mediterranea S.A. (GEMSA) and Central Termica Roca S.A. (CTR) said Wednesday their US$325.40 million 9.625 percent senior notes due 2027 (ISIN codes: US36875KAD37 and USP46214AC95) 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$1, with a minimum board lot size of US$200,000, the companies said in a filing to SGX. 

The new offering was part of an exchange offer made to the holders of the companies’ existing noteholders, according to a press release in November.

GEMSA and CTR are a leading electricity generation group in Argentina, operating nine thermoelectric power plants in the country, eight of which they own. The power plants have an aggregate installed generation capacity of 1,350 megawatts and use dual fuel, with either natural gas, diesel oil or fuel oil.