, Singapore

SGX to launch $1.5b multicurrency debt issuance programme

The net proceeds will be utilised to finance investments of the firms and its subsidiaries.

Singapore Exchange (SGX) has established a $1.5b multicurrency debt issuance programme consisting of medium term notes or perpetual securities denominated in any currency, amount and tenor, an announcement revealed.

The net proceeds will be utilised to finance investments of the firms and its subsidiaries and for general working capital purposes. DBS Bank and Standard Chartered Bank (Singapore) are the arrangers of the programme.

Its programme allows for such securities to be issued to institutional investors, as well as for retail notes to be issued and made available for trading on the SGX Mainboard.

This has been the firm’s first fundraising in 19 years, following its initial public offering in 2000. SGX assured that its terms and conditions will be released as it may be modified by the relevant pricing supplement upon issue of the securities.  

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