SG debt listings Tuesday: Korea Development Bank, Korea Housing Finance, China Education

Euro coinsPhoto by Leslie Shaffer

These are entities which announced debt listing confirmations in Singapore on Tuesday, 22 March 2022: Korea Development Bank, Korea Housing Finance Corp. and China Education Group. 

Korea Housing Finance Corp. 

Korea Housing Finance Corp. said Tuesday its EUR600 million 0.723 percent social covered bonds due 2025 (ISIN codes: XS2442748385 and XS2442748971) would be listed on SGX’s bond market on Wednesday.

The bonds, which will trade in euro, will be in denomination of EUR100,000, with a minimum board lot size of EUR200,000, the company said in a filing to SGX.

Korea Housing Finance is a South Korean state-run enterprise facilitating the supply of housing funds for low- and middle-income families as well as securitising mortgage-backed claims and other instruments.

Korea Development Bank

Korea Development Bank said Tuesday its A$30 million 3 percent fixed-rate notes due 2027 (ISIN code: XS2458287567) would be listed on SGX’s bond market on Wednesday. 

The notes, which will trade in Australian dollars, will be in denomination of A$500,000, 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.

China Education Group 

China Education Group said Tuesday its CNY500 million 4.0 percent guaranteed bonds due 2025 (ISIN code: HK0000802055) would be listed on SGX’s bond market on Wednesday. 

The notes, which will trade in yuan, will be in denomination of CNY1 million, with a minimum board lot size of CNY200,000, with a minimum of five lots in a single transaction, the company said in a filing to SGX.

Hong Kong-listed China Education Group is a large-scale private education group in China. The company operates six private universities and junior colleges and three vocational schools. It also operates a business school in Australia.

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