Rulebooks: Contents

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 Significant Transactions
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
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
Rule Amendments

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  • 304

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

    (1) The issuer must be:—
    (a) a supranational body; or
    (b) a government, or a government agency whose obligations are guaranteed by a government; or
    (c) an entity whose equity securities are listed on the Exchange; or
    (d) a corporation which meets the following requirements:—
    (i) Rule 210(2), (3), (4) and (5) for the listing of equity securities; or
    (ii) A cumulative consolidated pre-tax profit of at least S$50 million (or its equivalent in foreign currencies) for the last three years, or a minimum pre-tax profit of S$20 million (or its equivalent in foreign currencies) for any one of the three years; and consolidated net tangible assets of at least S$50 million (or its equivalent in foreign currencies); or
    (e) a corporation whose obligations under the issue of the debt securities are guaranteed by any of the entities in Rule 304(1)(a), (b), (c) or (d).
    (2) The issue of debt securities must be at least 80% subscribed by specified investors.
    (3) The issue of debt securities must have a credit rating of investment grade and above.
    (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.