Perpetuals

The issue date of the securities is expected to be Jan 21

They aim to meet rising institutional crypto demand by linking traditional finance and crypto-native ecosystems

The contracts will have no expiry dates and adopt a funding rate mechanism

Net proceeds from the issue will be used to finance the group’s general corporate funding requirements and investments

The securities will be issued in denominations of S$250,000 each

The securities are expected to be rated ‘A’ by Standard & Poor’s

They were issued under its S$3 billion multicurrency medium-term note programme

The distribution rate will be reset on the first reset date of Oct 30, 2029, and every five years thereafter

It intends to use net proceeds to fund expansion plans, strengthen financial position and capital base