Mission
To catalyse the growth of Singapore-based companies in overseas markets by addressing market gaps in project and structured financing.
Core Values
Dedication
Committing to innovative and competitive solutions
Respect
Treating business partners and colleagues with the utmost regard
Integrity
Operating to the highest ethical standards with transparency
Value
Driving sustainable value for our stakeholders
Excellence
Delivering outstanding results with prudent risk management
Our Shareholder
Our Leadership
Our History
Our Awards
Investors
Our funding strategy is aimed at optimising the cost of borrowing through diversified funding sources and markets. The funding sources are capital market funding including the Euro Medium Term Notes and Euro Commercial Paper issuances and bank borrowings.
All our funding is irrevocably and unconditionally guaranteed by the Government of Singapore, which is rated Aaa, AAA and AAA by Moody’s, S&P and Fitch respectively.
Euro Medium Term Notes (EMTN)
Our US$1.4 billion EMTN programme is irrevocably and unconditionally guaranteed by the Government of Singapore, and is rated AAA by S&P.
For more information on the EMTN programme:
Offering Circular Supplemental Offering Circular S&P EMTN Programme Rating
The bonds issued under the EMTN programme may be in public or private placement format. Since the establishment of the programme, the company has raised a total of US$1.79 billion with an aggregate outstanding principal amount of US$1.39 billion at financial year ended 31 December 2019.
List of issued bonds:
| Series Number | ISIN Code | Issuance Date | Maturity Date | Currency | Amount (US$) |
|---|---|---|---|---|---|
| 1 | XS0974363557 (*) | 5-Nov-13 | 5-Nov-18 | USD | 300,000,000 |
| 2 | XS1298404127 | 2-Oct-15 | 2-Oct-25 | USD | 50,000,000 |
| 3 | XS1309419668 | 22-Oct-15 | 22-Oct-30 | USD | 50,000,000 |
| 4 | XS1477135096 | 26-Aug-16 | 26-Aug-26 | USD | 50,000,000 |
| 5 | XS1483966476 | 1-Sep-16 | 16-Aug-19 | USD | 100,000,000 |
| 6 | XS1557988315 | 2-Feb-17 | 2-Feb-27 | USD | 50,000,000 |
| 7 | XS1650420265 | 26-Jul-17 | 26-Jul-32 | USD | 50,000,000 |
| 8 | XS1655853130 | 31-Jul-17 | 31-Jul-27 | USD | 50,000,000 |
| 9 | XS1662685756 | 11-Aug-17 | 11-Aug-32 | USD | 50,000,000 |
| 10 | XS1668470013 | 18-Aug-17 | 18-Aug-32 | USD | 40,000,000 |
| 11 | XS1685577287 | 29-Sep-17 | 29-Sep-22 | USD | 100,000,000 |
| 12 | XS1787595666 (*) | 7-Mar-18 | 7-Mar-28 | USD | 300,000,000 |
| 13 | XS1909387943 (*) | 15-Nov-18 | 15-Nov-21 | USD | 300,000,000 |
| 14 | XS2051060817 (*) | 10-Sep-19 | 10-Sep-24 | USD | 300,000,000 |
(*) denotes public issues
Euro Commercial Paper (ECP)
Our US$500 million ECP programme is irrevocably and unconditionally guaranteed by the Government of Singapore and is rated P-1 by Moody’s and A-1+ by S&P. The ECP market provides us with access to competitive short-term funding and further complements our funding base.
For more information on the ECP programme, please see:
Information Memorandum Moody's ECP Programme Rating S&P ECP Programme Rating
Our current ECP programme dealers are Bank of America Merrill Lynch, Barclays, BRED Banque Populaire, Citibank, and UBS.