SG debt listings Friday: Country Garden, Women’s Livelihood Bonds

Hong Kong currency notesHong Kong currency notes

These are entities which announced debt listing confirmations in Singapore on Friday, 28 January 2022: Country Garden subsidiary Smart Insight International and WLB Asset II C.

Smart Insight International

Smart Insight International said Friday its HK$3.9 billion 4.95 percent secured guaranteed convertible bonds due 2026 (ISIN code: XS2434313016) would be listed on SGX’s bond market on Monday. 

The notes, which will trade in Hong Kong dollars, will be in denomination of HK$2 million, with a minimum board lot size of HK$200,000, the company said in a filing to SGX.

Smart Insight International is a subsidiary of Hong Kong-listed property developer Country Garden Holdings, which is based in Guangdong in China.

WLB Asset II C

WLB Asset II C said Friday its US$27 million 3.9 percent Women’s Livelihood Bonds due 2025 (ISIN codes: XS2418614066 and XS2418613928) 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$250,000, which is also the minimum board lot size, the entity said in a filing to SGX.

The proceeds will be used to extend loans to selected microfinance institutions and impact enterprises to benefit women in Cambodia, India, Indonesia and Sri Lanka. The bonds have a partial guarantee from the U.S. Agency for International Development (USAID).