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Published on 3/5/2024 in the Prospect News Emerging Markets Daily.

New Issue: Daewoo Engineering & Construction sells S$150 million 3.88% guaranteed bonds due 2029

By William Gullotti

Buffalo, N.Y., March 5 – Daewoo Engineering & Construction Co., Ltd. sold S$150 million of 3.88% senior guaranteed bonds due 2029 (AA), according to a notice on Tuesday.

The bonds are guaranteed by Credit Guarantee and Investment Facility.

Listing for the bonds is expected on the Singapore Exchange effective March 6.

The civil engineering and construction company is headquartered in Seoul.

Issuer:Daewoo Engineering & Construction Co., Ltd.
Guarantor:Credit Guarantee and Investment Facility
Amount:S$150 million
Issue:Senior guaranteed bonds
Maturity:March 5, 2029
Coupon:3.88%
Issue date:March 5
Listing date:March 6
Rating:S&P: AA
ISIN:SGXF36545618

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