SG debt listings Monday: M&T Investments

Traffic in Singapore's Chinatown area, in front of a WeWork location. Photo by Jiachen Lin on UnsplashTraffic in Singapore's Chinatown area, in front of a WeWork location. Photo by Jiachen Lin on Unsplash

These are entities which announced debt listing confirmations in Singapore on Monday, 18 April 2022: M&T Investments.

(Note: Singapore’s markets were closed Friday for the Good Friday public holiday.)

M&T Investments

M&T Investments said Monday its S$109 million 2.85 percent class A1 secured sustainability-linked notes due 2026 (ISIN code: XS2466357816) would be listed on SGX’s bond market on Tuesday. 

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 Singapore government-linked entity said in a filing to SGX.

The offering is a credit-linked note (CLN), with collateral owned by Lion City Rentals, including the rights to the portfolio of vehicles and their related assets, according to Fitch Ratings. The notes are collateralized by the paper value of the vehicles, with the paper value to be returned by Singapore’s government when the vehicles are deregistered under the vehicle quota system, Fitch Ratings said.

M&T Investments

M&T Investments said Monday its S$36 million 3.652 percent class A2A secured sustainability-linked notes due 2026 (ISIN code: XS2466357907) would be listed on SGX’s bond market on Tuesday. 

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 Singapore government-linked entity said in a filing to SGX.

The offering is a credit-linked note (CLN), with collateral owned by Lion City Rentals, including the rights to the portfolio of vehicles and their related assets, according to Fitch Ratings. The notes are collateralized by the paper value of the vehicles, with the paper value to be returned by Singapore’s government when the vehicles are deregistered under the vehicle quota system, Fitch Ratings said.

 

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