SG debt listings Thursday: OCBC, Ganzhou Devt Investment, Freeport Indonesia, Jera

OCBC Bank branchOCBC Bank branch

These are entities which announced debt listing confirmations in Singapore on Thursday, 14 April 2022: OCBC’s Sydney branch, Ganzhou Development Investment Holding, PT Freeport Indonesia, Jera Co. and Xi’an Municipal Infrastructure Construction Investment Group. 

OCBC’s Sydney branch

OCBC, acting via its Sydney branch, said Thursday its A$700 million senor floating-rate notes due 2025 (ISIN code: AU3FN0067997) would be listed on SGX’s bond market on Monday. 

The notes, which will trade in Australian dollars, will have a minimum board lot size of A$200,000, the Singapore bank said in a filing to SGX.

PT Freeport Indonesia

PT Freeport Indonesia said Thursday its US$1.5 billion 5.315 precent notes due 2032 (ISIN code: US69377FAB22 and USY7141BAB90) 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 company said in a filing to SGX. 

Indonesia-based PT Freeport Indonesia is an unlisted company operating the Grasberg mine in Papua province, which is the world’s largest gold mine.

PT Freeport Indonesia

PT Freeport Indonesia said Thursday its US$750 million 6.2 percent notes due 2052 (ISIN codes: US69377FAC05 and USY7141BAC73) 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 company said in a filing to SGX. 

Indonesia-based PT Freeport Indonesia is an unlisted company operating the Grasberg mine in Papua province, which is the world’s largest gold mine.

PT Freeport Indonesia

PT Freeport Indonesia said Thursday its US$750 million 4.763 percent notes due 2027 (ISIN codes: US69377FAA49 and USY7141BAA18) 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 company said in a filing to SGX. 

Indonesia-based PT Freeport Indonesia is an unlisted company operating the Grasberg mine in Papua province, which is the world’s largest gold mine.

Jera Co. 

Jera Co. said Thursday its US$300 million 3.665 percent bonds due 2027 (ISIN code: XS2456872063) 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 company said in a filing to SGX. 

Japan-based Jera is a 50:50 joint venture between Tokyo Electric Power Co. (TEPCO)’s subsidiary TEPCO Fuel & Power and Chubu Electric. The company says it is one the largest companies globally managing both fuel-based and renewable electric power generation.

Ganzhou Development Investment Holding

Ganzhou Development Investment Holding said Thursday its US$300 million 4.5 percent bonds due 2025 (ISIN code: XS2466368003) 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 entity said in a filing to SGX. 

Ganzhou Development Investment Holding (GDIH) is a China government-related entity, with the Ganzhou municipal government exercising strong control over the company. GDIH, which receives government subsidies, is 90 percent-owned and supervised by the Ganzhou State-owned Assets Supervision and Administration Commission (SASAC), according to Fitch Ratings. GDIH is the main entity for infrastructure development and public services, including being the city’s main developer of expressways.

Xi’an Municipal Infrastructure Construction Investment Group

Xi’an Municipal Infrastructure Construction Investment Group (XICI) said Thursday its US$200 million 3.5 percent bonds due 2025 (ISIN code: XS2450908970) 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 entity said in a filing to SGX. 

Xi’an Municipal Infrastructure Construction Investment Group, or XICI, is a China government-related entity providing construction services for projects including roads, urban water supply stations, and underground pipe networks. Fitch Ratings said XICI is wholly controlled by the Xi’an municipal government. 

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