SG debt listings Friday: Korea East-West Power, Ex-Im Bank of Korea, Industrial Bank of Korea

Seedlings. Photo by Francesco Gallarotti on UnsplashSeedlings. Photo by Francesco Gallarotti on Unsplash

These are entities which announced debt listing confirmations in Singapore on Friday, 6 May 2022: Export-Import Bank of Korea, Industrial Bank of Korea, Chongqing Nan’an Urban Construction & Development (Group) and Korea East-West Power.

Korea East-West Power

Korea East-West Power said Friday its US$500 million 3.6 percent green notes due 2025 (ISIN codes: US5006EPAL52 and USY4836TCE92) would be listed on SGX’s bond market on Monday.

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 power company said in a filing to SGX.

Korea East-West Power, one of six power generation companies owned by Korea Electric Power Corp., or KEPCO, had installed capacity of 9,568 megawatts as of end-February 2022, accounting for 7 percent of South Korea’s total capacity, according to a Fitch Ratings note.

The note said Korea East-West Power would use the proceeds of the notes to finance or refinance new or existing projects for renewable energy and energy efficiency.

Export-Import Bank of Korea

Export-Import Bank of Korea said Friday its CNY253 million 3.38 percent notes due 2027 (ISIN code: XS2454750717) would be listed on SGX’s bond market on Monday.

The notes, which will trade in Chinese yuan, will be in denomination of CNY1 million, with a minimum board lot size of CNY200,000, with a minimum of five lots, the bank said in a filing to SGX.

The Export-Import Bank of Korea provides financial support, including credit, to South Korean companies for export and import deals, overseas investments and developing natural resources overseas.

Export-Import Bank of Korea

Export-Import Bank of Korea said Friday its ZAR2 billion 5.82 percent notes due 2023 (ISIN code: XS2455979166) would be listed on SGX’s bond market on Monday.

The notes, which will trade in South African rand, will be in denomination of ZAR1 million, with a minimum board lot size of ZAR200,000, with a minimum of 20 lots, the bank said in a filing to SGX.

The Export-Import Bank of Korea provides financial support, including credit, to South Korean companies for export and import deals, overseas investments and developing natural resources overseas.

Industrial Bank of Korea

Industrial Bank of Korea said Friday its CNY150 million 3.85 percent fixed-rate notes due 2024 (ISIN code: XS2475197690) would be listed on SGX’s bond market on Monday.

The notes, which will trade in Chinese yuan, will be in denomination of CNY1 million, with a minimum board lot size of CNY100,000, with a minimum of 10 lots, 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.

Chongqing Nan’an Urban Construction & Development (Group)

Chongqing Nan’an Urban Construction & Development (Group) said Friday its US$260 million 4.98 percent bonds due 2025 (ISIN code: XS2451515279) would be listed on SGX’s bond market on Monday.

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.

Chongqing Nan’an Urban Construction & Development (Group) is an urban-development platform in Chongqing’s Nan’an district; the government-linked company’s remit includes building infrastructure and land development, according to a Fitch Ratings note.