SGX lists Hyflux preference shares

Hyflux listed $400 million of preference shares, said Singapore Exchange.

Ms Olivia Lum, Group President & CEO of Hyflux, said: “As the first corporate in Singapore to issue Class A Cumulative Preference Shares, we are very delighted with the overwhelming response to our offering, which forms part of our on-going capital management strategy to support the exciting future growth of Hyflux. “

Ms Tng Kwee Lian, Head of Fixed Income at SGX said, “The listing of Hyflux preference shares – the first perpetual notes from a non-financial company on SGX - further diversifies our suite of fixed income products. With the addition of such products, investors have access to more higher-yielding instruments with full price transparency. “

Hyflux preference shares will be listed under the stock code "N2H".