SGX fully places out zero coupon convertible bonds
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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.
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