Rulebooks: Contents

Rulebooks
Mainboard Rules
Definitions and Interpretation
Chapter 1 Introduction
Chapter 2 Equity Securities
Chapter 3 Debt Securities
Chapter 4 Investment Funds
Chapter 5 Structured Warrants
Chapter 6 Prospectus, Offering Memorandum and Introductory Document
Chapter 7 Continuing Obligations
Chapter 8 Changes in Capital
Chapter 9 Interested Person Transactions
Chapter 10 Acquisitions and Realisations
Chapter 11 Takeovers
Chapter 12 Circulars, Annual Reports and Electronic Communications
Chapter 13 Trading Halt, Suspension and Delisting
Chapter 14 Disciplinary and Appeals Procedures, and Enforcement Powers of the Exchange
Appendices
Practice Notes
Report of the Committee and Code of Corporate Governance
Catalist Rules
SGX-ST Rules
CDP Clearing Rules
CDP Settlement Rules
DVP Rules [Entire Rulebook has been deleted]
CDP Depository Rules
Futures Trading Rules
SGX-DC Clearing Rules
SIAC DT Arbitration Rules
SIAC DC Arbitration Rules
Archive
Rule Amendments

  Versions
(2 versions)
 
Up to May 18 2016May 19 2016 onwards

303

One of the following requirements must be met for the listing of an issue of local debt securities:—

(1) For an issuer whose equity securities are listed on the Exchange, the issue of debt securities must have a principal amount of at least S$750,000 (or its equivalent in foreign currencies).
(2) For an issuer whose equity securities are not listed on the Exchange: —
(a) The issuer must meet the Exchange's requirements in Rule 210(2), (3), (4) and (5) for listing of equity securities, and the issue of debt securities must have a principal amount of at least S$750,000 (or its equivalent in foreign currencies); or
(b) The issue of debt securities must have a principal amount of at least S$750,000 (or its equivalent in foreign currencies) and at least 80% of the issue must be subscribed by specified investors; or
(c) The issuer must be the Government or a Singapore government agency; or
(d) The issue of debt securities must have a credit rating of investment grade and above.
(3) Where the requirements in Rule 303(1) or (2) are not met, the issuer's obligations under the issue of the debt securities must be:—
(a) guaranteed by an entity that is listed on the Exchange and the issue of debt securities must have a principal amount of at least S$750,000 (or its equivalent in foreign currencies); or
(b) guaranteed by an entity which meets the requirement in Rule 210(2), (3), (4) and (5) and the issue of debt securities must have a principal amount of at least S$750,000 (or its equivalent in foreign currencies); or
(c) guaranteed by the Government or a Singapore government agency.
(4) The issuer or guarantor must meet the criteria for exemption under the Securities and Futures (Offers of Investments) (Exemption for Offers of Straight Debentures) Regulations 2016.
(5) The issuer or guarantor must meet the eligibility criteria under Part VI of this Chapter.

Amended on 19 May 2016.