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SGX issues $300m notes due 2027

These notes are priced at 3.45%, payable semi-annually.

The Singapore Exchange (SGX) has launched $300m worth of 3.45% notes due 2027.

These notes, issued under a S$1.5b programme, are priced at 100% of their principal amount in denominations of S$250,000. They carry a fixed interest rate of 3.45% per annum, payable semi-annually. 

The offering is managed by DBS Bank, Oversea-Chinese Banking Corporation Limited, and United Overseas Bank Limited, with Industrial and Commercial Bank of China Limited, Singapore Branch as co-manager.

The expected issue date is 26 February 2024, with maturity on 26 February 2027.

Proceeds, net of expenses, will be used for debt refinancing and general corporate purposes. 

Approval in-principle has been granted by the Monetary Authority of Singapore (MAS) for listing on the Official List of the Singapore Exchange Securities Trading Limited (SGX-ST).

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