SG debt listings Thursday: UOB, First REIT, Woori Bank, Hanrui Overseas, Yuyao Economic Devt Zone

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 Thursday, 7 April 2022: UOB, First REIT, Woori Bank, Yuyao Economic Development Zone Construction Investment and Development Co., and Hanrui Overseas Investment. 

UOB

UOB said Thursday its US$1 billion 3.863 percent fixed rate subordinated notes due 2032 (ISIN codes: US91127KAH59 and US91127LAH33) would be listed on SGX’s bond market on Friday. 

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 Singapore bank said in a filing to SGX. 

Read more: UOB prices more than US$2B of notes

UOB

UOB said Thursday its US$750 million 3.059 percent fixed-rate senior notes due 2025 (ISIN codes: US91127KAF93 and US91127LAF76) would be listed on SGX’s bond market on Friday. 

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 Singapore bank said in a filing to SGX. 

Read more: UOB prices more than US$2B of notes

First REIT

First REIT said Thursday its S$100 million 3.25 percent guaranteed notes due 2027 (ISIN code: SGXF83155931) would be listed on SGX’s bond market on Friday. 

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 healthcare-focused Singapore REIT said in a filing to SGX.

Read more: First REIT prices S$100M healthcare social bond guaranteed by ADB trust fund

Hanrui Overseas Investment and Jiangsu Hanrui Investment Holdings

Hanrui Overseas Investment said Thursday its US$122 million 6.50 percent guaranteed bonds due 2025 (ISIN code: XS2426804998) would be listed on SGX’s bond market on Friday. 

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. 

Hanrui Overseas Investment is a special purpose vehicle owned by Jiangsu Hanrui Investment Holdings, which is sponsored by the Zhenjiang municipal government. Jiangsu Hanrui Investment Holdings is a government-related entity for urban development in the Zhenjiang New Area, an economic and technology development zone in Jiangsu province; the entity is responsible for infrastructure, social-housing construction and some property development.

Yuyao Economic Development Zone Construction Investment and Development

Yuyao Economic Development Zone Construction Investment and Development Co. said Thursday its US$100 million 3.9 percent guaranteed bonds due 2025 (ISIN code: XS2452204568) would be listed on SGX’s bond market on Friday. 

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. 

Yuyao Economic Development Zone Construction Investment and Development is wholly owned by Yuyao Shuncai Investment Holding (YSIH), which is a state-owned investment holding platform for municipal assets controlled by the Yuyao State-owned Assets Supervision and Administration Commission; YSIH’s subsidiaries operate in urban infrastructure development, social housing, public transportation, land development, water and gas, according to a Fitch Ratings report

Woori Bank

Woori Bank said Thursday its US$38 million floating rate notes due 2025 (ISIN code: XS2465010846) would be listed on SGX’s bond market on Friday. 

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 South Korean bank said in a filing to SGX. 

Woori Bank, one of South Korea’s four largest banks, focuses on commercial banking services; it is a main subsidiary of Woori Financial Group.

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