SGX fully places out zero coupon convertible bonds

THE Singapore Exchange (SGX) has fully placed out 240 million euros (S$386 million) of its zero coupon convertible bonds due March 1, 2024 with a "high-quality book of institutional investors", hours after the proposed issue was announced on Monday evening.

The bonds were placed out through its indirect wholly-owned subsidiary, SGX Treasury I. 

In a pre-market filing on Tuesday, SGX announced that its offer was over four times subscribed at 101 per cent of the principle amount of the convertible bonds.