By Taylor Fox
Chicago, July 20 – NTUC Income Insurance Co-operative Ltd. issued S$800 million 3.1% subordinated notes due 2050, according to an announcement.
The Hongkong and Shanghai Banking Corp. Ltd., Singapore Branch is the principal paying agent for the notes.
DBS Bank Ltd. and Standard Chartered Bank (Singapore) Ltd. are the lead managers and bookrunners.
NTUC is an insurance provider based in Singapore.
| Issuer: | NTUC Income Insurance Co-operative Ltd.
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| Description: | Subordinated notes
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| Amount: | S$800 million
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| Maturity: | 2050
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| Bookrunner: | DBS Bank Ltd. and Standard Chartered Bank (Singapore) Ltd.
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| Coupon: | 3.1%
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| Issue date: | July 20
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