SG debt listings Thursday: Keppel Infrastructure Trust, OUE Commercial REIT, ST Engineering, Shinhan Bank

The OUE Downtown building in Singapore’s central business district. Credit: Shenton WireThe OUE Downtown building in Singapore’s central business district. Credit: Shenton Wire

These are entities which announced debt listing confirmations in Singapore on Thursday, 5 May 2022: Keppel Infrastructure Trust, OUE Commercial REIT, Connecticut Avenue Securities Trust 2022-R04, ST Engineering Urban Solutions USA, Shinhan Bank and Industrial Bank of Korea.

ST Engineering Urban Solutions USA

ST Engineering Urban Solutions USA, an indirect wholly owned subsidiary of ST Engineering, said Thursday its US$700 million 3.375 percent notes due 2027 (ISIN codes: US85235DAA72 and USU8585EAA02) 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 engineering and defense group said in a filing to SGX.

Read more: ST Engineering prices US$700M notes due 2027

ST Engineering Urban Solutions USA

ST Engineering Urban Solutions USA, an indirect wholly owned subsidiary of ST Engineering, said Thursday its US$300 million 3.75 percent notes due 2032 (ISIN codes: US85235DAB55 and USU8585EAB84) 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 engineering and defense group said in a filing to SGX.

Read more: ST Engineering prices US$700M notes due 2027

Keppel Infrastructure Trust

Keppel Infrastructure Trust, via Keppel Infrastructure Fund Management as trustee-manager of the trust, said Thursday its S$250 million 4.11 percent notes due 2027 (ISIN code SGXF66092085) would be listed on SGX’s bond market on Friday.

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-listed infrastructure-focused trust said in a filing to SGX.

Read more: Keppel Infrastructure Trust prices S$250M notes due 2027

OUE Commercial REIT

OUE Commercial REIT, via subsidiary OUE CT Treasury, said Thursday its S$100 million 4.2 percent notes 2027 (ISIN code: SGXF36851818) would be listed on SGX’s bond market on Friday.

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-listed commercial property REIT said in a filing to SGX.

Read more: OUE Commercial REIT prices S$100M notes due 2027

Industrial Bank of Korea

Industrial Bank of Korea said Thursday its US$50 million 1.55 percent fixed-rate notes due 2023 (ISIN code: XS2459064981) 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.

The Industrial Bank of Korea is a state-owned bank which promotes small and medium-sized enterprises (SMEs) by providing credit.

Shinhan Bank

Shinhan Bank said Thursday its US$35 million 3.2 percent fixed-rate notes due 2023 (ISIN code: XS2474783888) 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-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.

Connecticut Avenue Securities Trust 2022-R04

Connecticut Avenue Securities Trust 2022-R04 said Thursday its securities would be listed on SGX’s bond market on Friday. The ISIN codes of the securities can be found here.

The notes, which will be traded in denomination of US$10,000, will have a minimum board lot size of US$200,000, the entity said in a filing to SGX.

The Connecticut Avenue Securities Trust 2022-R04 are from Fannie Mae, a U.S. government-linked agency which securitises U.S. mortgages; the series 2022-R04 is an around US$1.1 billion offering with a reference pool of around 118,000 single-family mortgage loans with an outstanding unpaid principal balance of around US$36 billion.