SG debt listings Wednesday: Ascott Residence Trust, Sembcorp Industries, Nonghyup Bank, Orix

Electricity advertisement for Sembcorp Industries. Note: Photo taken pre-CovidElectricity advertisement for Sembcorp Industries. Note: Photo taken pre-Covid

These are entities which announced debt listing confirmations in Singapore on Wednesday, 20 April 2022: Ascott Residence Trust, Sembcorp Industries, Nonghyup Bank, Korea Mine Rehabilitation and Mineral Resources Corp., Chouzhou International Investment and Orix Corp. 

Sembcorp Industries

Sembcorp Industries, via wholly owned subsidiary Sembcorp Financial Services, said Wednesday its S$300 million 3.735 percent sustainability-linked notes due 2029 (ISIN code: SGXF59468540) would be listed on SGX’s bond market on Thursday. 

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 energy and infrastructure company said in a filing to SGX.

Read more: Sembcorp Industries to issue S$300M in sustainability-linked notes

Ascott Residence Trust

Ascott Residence Trust said Wednesday its S$200 million 3.63 percent sustainability-linked notes due 2027 (ISIN code: SGXF16539490) would be listed on SGX’s bond market on Thursday. 

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 hospitality REIT said in a filing to SGX.

Read more: Ascott Residence Trust issues S$200M sustainability-linked bond

Orix Corp. 

Orix Corp. said Wednesday its EUR300 million 1.919 percent senior notes due 2026 (ISIN code: XS2447987483) would be listed on SGX’s bond market on Thursday. 

The notes, which will trade in euro, will be in denomination of EUR100,000, with a minimum board lot size of EUR150,000, the company said in a filing to SGX.

The company has said the notes are a green bond to fund the acquisition of Elawan Energy, which develops renewable energy businesses. 

Orix Corp. is a multinational financial group, focusing on leasing, financing, private equity, asset management, renewable energy investments and operations. According to its website, Orix has JPY50 trillion in assets under management (AUM) globally. 

Korea Mine Rehabilitation and Mineral Resources Corp.

Korea Mine Rehabilitation and Mineral Resources Corp. said Wednesday its US$425 million 4.125 percent notes due 2027 (ISIN code: XS2457676257) 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 South Korean government agency said in a filing to SGX.

Korea Mine Rehabilitation and Mineral Resources Corp. is a South Korean public agency formed to oversee the metals, minerals and mining industries; the agency is intended to manage supply-chain risks for metals. 

Chouzhou International Investment

Chouzhou International Investment said Wednesday its US$500 million 4.1 percent guaranteed bonds due 2025 (ISIN code: XS2454320206) 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.

Chouzhou International Investment is a wholly owned subsidiary of Yiwu State-Owned Capital Operation, which is a municipal-government-owned urban developer and public-service provider in Yiwu, a city in China’s Zhejiang province. Yiwu State-Owned Capital Operation’s businesses include infrastructure construction, social housing, water supply and treatment and public transportation. 

Nonghyup Bank

Nonghyup Bank said Wednesday its US$30 million 2.39 percent fixed-rate notes due 2023 (ISIN code: XS2467504671) 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 bank said in a filing to SGX.

Nonghyup Bank, which has the National Agricultural Cooperative Federation as its parent, is a South Korean commercial agricultural bank. The bank provides agricultural and commercial credit and banking services.

 

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