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Singapore Exchange Limited (SGX) today announced that it has established a S$1.5 billion Multicurrency Debt Issuance Programme.
Under the programme, SGX may issue medium term notes or perpetual securities (together, the “Securities”) denominated in any currency, amount and tenor. The 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.
There are no Securities issued at this time. SGX will make the relevant announcements, as and when Securities will be issued. The net proceeds from the issuance of Securities will be used to finance SGX’s investments and for general working capital purposes.
Loh Boon Chye, CEO of SGX, said, “The establishment of the multicurrency debt issuance programme is in line with SGX’s priorities to grow our asset classes across geographies and to invest strategically as our business expands. The programme will provide us with the flexibility to capture growth opportunities quickly when the need arises, while allowing us to actively manage our balance sheet.”
DBS Bank Ltd. and Standard Chartered Bank (Singapore) Limited are the arrangers of the programme.
Note:
This release should be read and understood in conjunction with the full text of the announcement issued on SGXNet today on the same subject.
Nothing in these materials constitutes an offer of securities for sale in the United States or any other jurisdiction where it is unlawful to do so. The Securities have not been and will not be registered under the United States Securities Act of 1933, as amended or with any securities regulatory authority of any state or other jurisdiction of the United States. The Securities may include Securities issued in bearer form (“Bearer Securities”) that are subject to U.S. tax law requirements and restrictions. Subject to certain exceptions, the Securities may not be offered, sold, or, in the case of Bearer Securities, delivered within the United States. Registered Securities are subject to certain restrictions on transfer, see “Subscription and Sale” of the Offering Circular.
