SG debt listings Tuesday: NTUC FairPrice, Export-Import Bank of Korea

An NTUC FairPrice supermarket in Singapore. Credit: NTUC FairPriceAn NTUC FairPrice supermarket in Singapore. Credit: NTUC FairPrice

These are entities which announced debt listing confirmations in Singapore on Tuesday, 24 May 2022: NTUC FairPrice Co-operative Ltd. and The Export-Import Bank of Korea.

NTUC FairPrice Co-operative

NTUC FairPrice Co-operative Ltd. said Tuesday its S$300 million 3.46 percent fixed-rate notes due 2029 (ISIN code: SGXF51573982) would be listed on SGX on Wednesday.

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 supermarket chain said in a filing to SGX.

NTUC FairPrice Co-operative is a co-operative under the National Trades Union Congress (NTUC); the co-operative was founded in 1973 to moderate the cost of living in Singapore, according to its website. NTUC FairPrice operates more than 370 outlets, across its supermarket, pharmacy and convenience store formats, as well as offering e-commerce sales.

Read more: NTUC Fairprice pricing 7-year bonds: Client note

Export-Import Bank of Korea

The Export-Import Bank of Korea said Tuesday its EUR550 million floating-rate green notes due 2024 (ISIN codes: XS2484200220 and XS2484106633) would be listed on SGX’s bond market on Wednesday.

The notes, which will trade in euro, will be in denomination of EUR100,000, with a minimum board lot size of EUR200,000, 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

The Export-Import Bank of Korea said Tuesday its EUR950 million 1.375 percent notes due 2025 (ISIN codes: XS2484201624 and XS2484106716) would be listed on SGX’s bond market on Wednesday.

The notes, which will trade in euro, will be in denomination of EUR100,000, with a minimum board lot size of EUR200,000, 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.