SG debt listings Wednesday: UOB, SingPost, Greenko Wind, Knowledge City, MISC

UOB bank branch at VivoCity mall. Photo taken November 2021UOB bank branch at VivoCity mall. Photo taken November 2021

These are entities which announced debt listing confirmations in Singapore on Wednesday, 6 April 2022: UOB, Singapore Post (SingPost), Knowledge City (Guangzhou) Investment Group, Greenko Wind Projects (Mauritius) and MISC Bhc. subsidiary MISC Capital Two (Labuan).

UOB

UOB said Wednesday its CNY650 million 4.50 percent fixed-rate subordinated notes due 2032 (ISIN code: XS2463967369) would be listed on SGX’s bond market on Wednesday. 

The notes, which will trade in Chinese yuan, will be in denomination of CNY1 million, with a minimum board lot size of CNY500,000, with a minimum of two lots to be traded, the Singapore bank said in a filing to SGX.

Singapore Post (SingPost)

Singapore Post (SingPost) said Wednesday its S$250 million 4.35 percent subordinated perpetual securities (ISIN code: SGXF24733614) would be listed on SGX’s bond market on Wednesday. 

The notes, which will trade in Singapore dollars, will be in denomination of S$250,000, which is also the minimum board lot size, the postal and logistics operator said in a filing to SGX. 

Read more: SingPost prices S$250M perpetual securities

Greenko Wind Projects (Mauritius)

Greenko Wind Projects (Mauritius) said Wednesday its US$750 million 5.5 percent fixed-rate senior notes due 2025 (ISIN codes: US39531JAA25 and USV3856JAA17) 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 entity said in a filing to SGX. 

Greenko Wind Projects (Mauritius) is an indirect subsidiary of Greenko Energy Holdings, which is a renewable energy producer. Singapore sovereign wealth fund GIC owns a 55.5 percent stake in Greenko.

Greenko Energy, which has a portfolio of 5.2 GW of renewable power assets, is rated at BB by Fitch Ratings on expectations of strong support from its shareholders GIC, Abu Dhabi Investment Authority (ADIA) and ORIX Corp., according to a report from the ratings agency in March. 

Knowledge City (Guangzhou) Investment Group

Knowledge City (Guangzhou) Investment Group, or KCIG, said Wednesday its US$450 million 3.5 percent green bonds due 2025 (ISIN code: XS2461747250) 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 entity said in a filing to SGX.

Knowledge City (Guangzhou) Investment Group, or KCIG, is a China government-linked entity mandated to carry out urban development in the Knowledge City area of Guangzhou Development District; it’s mainly involved in land transfer, property rental and infrastructure construction, according to a Fitch Ratings report in March. 

MISC subsidiary MISC Capital Two (Labuan)

MISC Capital Two (Labuan), a subsidiary of Malaysia-listed MISC, said Wednesday its US$600 million 3.75 percent guaranteed notes due 2027 (ISIN codes: US60475DAB73 and USY6080GAB33) 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 company said in a filing to SGX.

MISC, incorporated as Malaysia International Shipping Corp., is an international shipping line based in Malaysia; it mainly focuses on energy shipping, owning and operating offshore floating solutions, marine repair and conversion, engineering and construction works, port management and other marine services. 

MISC subsidiary MISC Capital Two (Labuan)

MISC Capital Two (Labuan), a subsidiary of Malaysia-listed MISC, said Wednesday its US$400 million 3.625 percent guaranteed notes due 2025 (ISIN codes: US60475DAA90 and USY6080GAA59) 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 company said in a filing to SGX.

MISC, incorporated as Malaysia International Shipping Corp., is an international shipping line based in Malaysia; it mainly focuses on energy shipping, owning and operating offshore floating solutions, marine repair and conversion, engineering and construction works, port management and other marine services. 

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