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S$10.04 0.0  0.1%

Last Trade - 09/04/21

Large Cap
Market Cap £5.84bn
Enterprise Value £5.61bn
Revenue £594.8m
Position in Universe 286th / 6085

Singapore Exchange issues convertible bonds of $289.92 mln

Tue 2nd February, 2021 4:53am
Feb 2 (Reuters) - Singapore Exchange  SGXL.SI  said on
Tuesday it had issued convertible bonds worth 240 million euros
($289.92 million) to institutional investors through its unit
SGX Treasury I Pte Ltd.
    The three-year zero-coupon bonds could be converted into
ordinary shares of the company at an initial conversion price of
S$13.0944 ($9.84), it said, at a 32% premium over Monday's
closing price of S$9.92.
    The offer had been more than four times oversubscribed. 
    The Singapore bourse operator said proceeds from its maiden
convertible bond issuance would be used to refinance existing
debt, as well as for general corporate purposes.
    Credit Suisse (Singapore) Ltd and Morgan Stanley Asia
(Singapore) Pte were the appointed global coordinators and
bookrunners for the bond issue, the company added.

($1 = 0.8278 euros)

($1 = 1.3309 Singapore dollars)

 (Reporting by Soumyajit Saha in Bengaluru; Editing by Rashmi
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