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The Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank (“CGIF”), proudly announces its guarantee of the SGD 150 million 5-year Senior Unsecured Bonds issued by Daewoo Engineering & Construction Co., Ltd. (“Daewoo E&C”).
Proceeds from the bond issuance are earmarked for Daewoo E&C’s two key projects with the Land Transport Authority in Singapore, contributing to the expansion of the Mass Rapid Transit network.