SG debt listings Friday: Shinhan Bank, Redco Properties, America Moil, CIFI Holdings

South Korean flags. Photo by Stephanie Nakagawa on UnsplashSouth Korean flags. Photo by Stephanie Nakagawa on Unsplash

These are entities which announced debt listing confirmations in Singapore on Friday, 8 April 2022: America Movil S.A.B., Redco Properties Group, Shinhan Bank and CIFI Holdings. 

Shinhan Bank

Shinhan Bank said Friday its US$50 million 3.11 percent notes due 2025 (ISIN code: XS2464742498) 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$200,000, which is also the minimum board lot size, the South Korean bank said in a filing to SGX. 

South Korea-based Shinhan Bank, part of the Seoul-listed Shinhan Financial Group, has operations across Indonesia, Mexico, Vietnam, Japan, Canada, China, Kazakhstan, Cambodia, Europe and the Americas. It offers banking services including retail, personal banking, wealth management, small-to-medium enterprises, large corporates and investment banking.

CIFI Holdings

CIFI Holdings said Friday its HK$1.957 billion 6.95 percent guaranteed convertible bonds due 2025 (ISIN code: XS2466214629) 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, with a minimum of 10 lots, the China-based, Hong Kong-listed property developer said in a filing to SGX.

America Movil S.A.B.

America Movil S.A.B. said Friday its US$1 billion 5.375 percent senior notes due 2032 (ISIN codes: US03217KAB44 and USP0R80BAG79) 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$200,000, which is also the minimum board lot size, the Mexican telco company said in a filing to SGX. 

Redco Properties Group

Redco Properties Group said Friday its US$267,256,792 11 percent senior notes due 2023 (ISIN code: XS2459381369) 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$150,000, which is also the minimum board lot size, the company said in a filing to SGX.

Hong Kong-listed Redco Properties is a property developer in China. In March, Fitch Ratings downgraded Redco Properties to C from CCC-minus after the developer launched a distressed debt exchange to extend outstanding bond maturities by nine to 12 months. 

Redco Properties Group

Redco Properties Group said Friday its US$153,660,649 13 percent senior notes due 2023 (ISIN code: XS2459381443) 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$150,000, which is also the minimum board lot size, the company said in a filing to SGX.

Hong Kong-listed Redco Properties is a property developer in China. In March, Fitch Ratings downgraded Redco Properties to C from CCC-minus after the developer launched a distressed debt exchange to extend outstanding bond maturities by nine to 12 months. 

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