Perpetuals
The new Bitcoin and Ethereum perpetual futures on SGX: How do they work?
They aim to meet rising institutional crypto demand by linking traditional finance and crypto-native ecosystems
SGX to launch Bitcoin, Ethereum perpetual futures on Nov 24
The contracts will have no expiry dates and adopt a funding rate mechanism
StarHub prices S$200 million perpetual securities at 3.35%
Net proceeds from the issue will be used to finance the group’s general corporate funding requirements and investments
Frasers Centrepoint Trust prices S$200 million perpetual securities at 3.98%
The securities will be issued in denominations of S$250,000 each
Great Eastern Life prices US$500 million fixed rate perpetual capital securities
The securities are expected to be rated ‘A’ by Standard & Poor’s
GuocoLand to redeem S$400 million perpetual securities
They were issued under its S$3 billion multicurrency medium-term note programme
HPL prices S$160 million perpetual securities at 5.5%
The distribution rate will be reset on the first reset date of Oct 30, 2029, and every five years thereafter
First Sponsor raises S$244 million from oversubscribed rights issue
It intends to use net proceeds to fund expansion plans, strengthen financial position and capital base
ESR-Logos Reit prices S$100 million perpetual capital securities at 6%
It is part of the trust’s S$750 million multicurrency debt issuance programme
CapitaLand Ascott Trust prices S$150 million of perpetuals at 4.6%
OCBC has been appointed the lead manager and bookrunner
