SG debt listings Thursday: Bank of China, Xiangyu Investment, Longchuan Overseas

Bank of China branch in Singapore’s Raffles Place area; taken October 2018.Bank of China branch in Singapore’s Raffles Place area; taken October 2018.

These are entities which announced debt listing confirmations in Singapore on Thursday, 28 April 2022: Xiangyu Investment (BVI) Co., Bank of China’s Singapore branch and Longchuan Overseas Investment Co.

Bank of China’s Singapore branch

Bank of China‘s Singapore branch said Thursday its US$500 million 3.25 percent notes due 2025 (ISIN code: XS2470956322) 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.

Mainland-based Bank of China is listed in Hong Kong and in China; it is one of the world’s largest banks.

Xiangyu Investment (BVI) Co.

Xiangyu Investment (BVI) Co. said Thursday its US$200 million 5.0 percent guaranteed bonds due 2025 (ISIN code: XS2471384045) 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 entity said in a filing to SGX.

Xiangyu Investment (BVI) is a wholly owned subsidiary of Huai’an Development Holdings (HAD), which is fully owned by Huai’an municipality in China’s Jiangsu province; HAD is involved in infrastructure development, social and commercial property development and SME support, according to Fitch Ratings.

Longchuan Overseas Investment Co.

Longchuan Overseas Investment Co. said Thursday its US$101 million 3.8 percent credit-enhanced bonds due 2023 (ISIN code: XS2471286034) 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 entity said in a filing to SGX.