NEW ISSUE: SEMBCORP SGD 7Y – New Sembcorp SGD 7yrs announced. Deal is anchored – Initial price guidance: 3% area – Issue size: SGD 100MM (capped) – Timing: As early as today’s business Comps: SEMBCORP 3.7325% 04/2020 at 2.72% JURONG SHIPYARD 2.95% 09/2021 at 2.95% SEMBCORP INDUSTRIES SGD 12YR – New Sembcorp Industries SGD 12YR announced at initial guidance of 3.7% area – Deal is anchored by strong institutional/agency IOIs – Issue size: SGD150million (capped) – Today’s Business COMPS SEMBCORP 3.7325% 04/09/20 105.45, 2.64% SEMBCORP 3.64% 05/27/24 102.4, 3.34% SEMBCORP 5% 08/29/49 (PERP) 103.75, 3.91% (YTC) JURONG SHIPYARD 3.85% 09/2029 100.00, 3.85% We last saw Sembcorp last November with a 10.5 year issue. Since then, we have seen Jurong Shipyard come out in September to tap the market for SGD 600 mio in ......