SG debt listings Friday: GCC, Hanwha Life Insurance

U.S. one-dollar currency notes; taken September 2018.U.S. one-dollar currency notes; taken September 2018.

These are entities which announced debt listing confirmations in Singapore on Friday, 4 February 2022: Hanwha Life Insurance and GCC SAB.

Hanwha Life Insurance

Hanwha Life Insurance said Friday its US$750 million 3.379 percent tier II subordinated sustainability securities due 2032 (ISIN codes: US41135UAB17 and USY306AXAD26) would be listed on SGX’s bond market on Monday. 

The securities, which will trade in U.S. dollars, will be in denomination of US$200,000, which is also the minimum board lot size, the insurer said in a filing to SGX. 

South Korea-based Hanwha Life Insurance is part of the Hanwha Group. The company is South Korea’s second-largest life insurer with 105.3 trillion won in assets as of end-2016, according to its website.

GCC SAB

GCC SAB said Friday its US$500 million 3.614 percent senior notes due 2032 (ISIN codes: US36165RAC97 and USP47465AB82) would be listed on SGX’s bond market on Monday. 

The securities, which will trade in U.S. dollars, will be in denomination of US$200,000, which is also the minimum board lot size, the company said in a filing to SGX. 

Mexico-based GCC is a supplier and producer of cement and concrete in the U.S. and Mexico. 

In January, GCC said the notes were sustainability linked, with the proceeds to be used to pay to redeem its 5.25 percent notes due in 2024, partially refinance bank debt maturities and for general corporate purposes.