SG debt listings Wednesday: PSA International, K-Water, Hanrui Overseas, Shinhan Bank

Singapore's container port. Photo taken November 2021Singapore's container port. Photo taken November 2021

These are entities which announced debt listing confirmations in Singapore on Wednesday, 27 April 2022: Korea Water Resources Corp., Hanrui Overseas Investment Co., Shinhan Bank and PSA International.

PSA International

PSA Treasury said Wednesday its S$650 million 2.88 percent guaranteed notes due 2027 (ISIN code: SGXF91750293) 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 wholly owned subsidiary of port operator PSA International said in a filing to SGX.

PSA is a global port group, with a network of more than 50 coastal, rail and inland terminals in 17 countries. It was previously called the Port of Singapore Authority, before becoming a corporation.

Korea Water Resources Corp.

Korea Water Resources Corp. said Wednesday its US$350 million 3.5 percent notes due 2025 (ISIN code: XS2465969132) 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.

Korea Water Resources Corp., or K-Water, is a South Korean government agency for water development, including building and managing waterworks facilities and for providing public and industrial water supply. K-Water also produces renewable energy.

Shinhan Bank

Shinhan Bank said Wednesday its US$50 million 3.18 percent notes due 2024 (ISIN code: XS2473399140) 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 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.

Hanrui Overseas Investment Co.

Hanrui Overseas Investment Co. said Wednesday its US$120 million 3.8 percent credit-enhanced bonds due 2025 (ISIN code: XS2471231998) 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.

Hanrui Overseas Investment is a special purpose vehicle owned by Jiangsu Hanrui Investment Holdings, which is sponsored by the Zhenjiang municipal government. Jiangsu Hanrui Investment Holdings is a government-related entity for urban development in the Zhenjiang New Area, an economic and technology development zone in Jiangsu province; the entity is responsible for infrastructure, social-housing construction and some property development.

Hanrui Overseas Investment Co.

Hanrui Overseas Investment Co. said Wednesday its US$44 million 3.8 percent credit-enhanced guaranteed bonds due 2025 (ISIN code: XS2472330914) 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.

Hanrui Overseas Investment is a special purpose vehicle owned by Jiangsu Hanrui Investment Holdings, which is sponsored by the Zhenjiang municipal government. Jiangsu Hanrui Investment Holdings is a government-related entity for urban development in the Zhenjiang New Area, an economic and technology development zone in Jiangsu province; the entity is responsible for infrastructure, social-housing construction and some property development.