By William Gullotti
Buffalo, N.Y., Aug. 27 – Singapore Exchange Ltd. (SGX) priced $250 million of 1.234% five-year notes (Aa2), according to a notice on Friday.
The notes will be issued under SGX’s S$1.5 billion multicurrency debt issuance program, rated Aa2.
Citigroup Global Markets Singapore Pte. Ltd., DBS Bank Ltd. and Standard Chartered Bank (Singapore) Ltd. are the joint lead managers.
According to Moody’s Investors Service, “The ratings are two notches higher than SGX's stand-alone assessment of A1 as a result of uplift due to the high probability of public support from the government of Singapore.”
The Regulation S notes have an expected issue date of Sept. 3.
Proceeds will be used to finance investments of SGX and its subsidiaries, for refinancing existing debt and for general corporate purposes.
Singapore Exchange is a Singapore-based securities and regional derivatives exchange.
Issuer: | Singapore Exchange Ltd.
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Issue: | Notes
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Amount: | $250 million
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Maturity: | Sept. 3, 2026
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Co-Managers: | Citigroup Global Markets Singapore Pte. Ltd., DBS Bank Ltd. and Standard Chartered Bank (Singapore) Ltd.
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Coupon: | 1.234%
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Pricing date: | Aug. 27
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Issue date: | Sept. 3
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Ratings: | Moody’s: Aa2
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Distribution: | Regulation S
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