SG debt listings Thursday: Kookmin Bank, Korea Midland Power, Chongqing Casin, Yunnan Energy Investment

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 Thursday, 21 April 2022: Korea Midland Power, Yunnan Energy Investment Overseas Finance Co., Kookmin Bank and Chongqing Casin Group. 

Kookmin Bank

Kookmin Bank said Thursday its US$100 million zero-coupon notes due 2023 (ISIN code: XS2461797784) 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 bank said in a filing to SGX.

South Korea’s Kookmin Bank is part of the KB Financial Group, which provides banking, securities, investment banking, asset management and insurance services.

Korea Midland Power

Korea Midland Power said Thursday its US$300 million 3.625 percent notes due 2027 (ISIN code: XS2463548045) 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 company said in a filing to SGX.

Korea Midland Power, known as Komipo, is one of South Korea’s biggest electricity generators, offering thermal power generation via coal, LNG and heavy oil as well as wind power, solar energy and fuel cell power generation. The company has also entered overseas markets, including Indonesia, Thailand and the U.S.

Yunnan Energy Investment Overseas Finance Co.

Yunnan Energy Investment Overseas Finance Co. said Thursday its US$230 million 5.3 percent guaranteed bonds due 2025 (ISIN code: XS2445143329) 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 company said in a filing to SGX.

Yunnan Energy Investment Overseas Finance is an indirect wholly owned subsidiary of Yunnan Provincial Energy Investment Group (YEIG), which is more than 90 percent indirectly owned by the Yunnan State-owned Assets Supervision and Administration Commission (SASAC). YEIG is the sole provincial energy platform in Yunnan, in southern China, and it holds shares in hydropower stations there as well as a portfolio of thermal and alternative energy plants. YEIG is the major provincial salt manufacturing and distribution platform and natural gas distributor. 

Chongqing Casin Group

Chongqing Casin Group said Thursday its US$33 million 4.0 percent credit-enhanced bonds due 2025 (ISIN code: XS2462797486) 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 company said in a filing to SGX.

Chongqing Casin Group operates as an investment holding company, focusing on property development, environmental protection and municipal infrastructure investment and construction.

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