SGX grants approval in-principle for Yanlord Land senior notes listing

Also given go signal for quotation.

The Singapore Exchange Securities Trading Limited (SGX-ST) has granted approval in-principle for the listing and quotation of Yanlord Land's senior notes on the SGX-ST, Yanlord Land announced in a disclosure to the exchange. The SGX-ST's approval in-principle for the listing and quotation of the Notes was granted, subject to, inter alia, the submission of four requirements.

First is a written undertaking from the Company that all the debt securities will only be offered to the persons specified in Sections 274 and 275 of the Securities and Futures Act, Chapter 289 (the “SFA”) in Singapore (or such equivalent terms in the relevant jurisdictions where the Notes are subscribed).

Second, a written confirmation from the Company that the offering circular contains all information that the persons specified in Sections 274 and 275 of the SFA in Singapore (or such equivalent terms in the relevant jurisdictions where the Notes are subscribed) would customarily expect to see in introductory documents or offering circulars for similar debt issues.

Third, a duly signed undertaking in the format set out in Appendix 2.3.1 of the Listing Manual of the SGX-ST. And lastly, a copy of the signed subscription agreement, agent bank agreement, fiscal and agency agreement.

Yanlord Land reminds though that the SGX-ST’s approval in-principle granted for the listing and quotation of the notes is not to be taken as an indication of the merits of the notes.