Sats prices US$100 million in fixed-rate notes at 4.648%
In-flight caterer and ground handler Sats on Wednesday (Jun 18) priced US$100 million in fixed-rate notes due Jun 23, 2030, at 4.648 per cent.
The Series 003 notes will be issued by Sats’ US$3 billion multicurrency debt issuance programme established in November 2023 and updated last year.
They are expected to be issued on Jun 23, the company said in a bourse filing. The interest rate is fixed at 4.648 per cent each year, payable semi-annually in arrear.
The net proceeds will be used to refinance existing borrowings, Sats said, adding that the issuance will not result in an increase in the group’s overall debt.
MUFG Securities EMEA has been appointed as the sole coordinator in relation to the notes.
Sats shares closed flat at S$3.08 on Wednesday.
Copyright SPH Media. All rights reserved.
Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.
More Culture
Don’t Pull Out of Germany
Merz’s stupidity is no excuse for a stupid response. Source link
Step inside the gorgeous, futuristic offices of Vast, the startup designing the next-gen space station
A tall baobab tree greets people inside the Long Beach, California, headquarters of Vast, an aerospace company that is building the space station of the future. It’s planted beneath a…
5 ways high-performing teams stay calm when everything’s on fire
When markets swing, plans break, inboxes explode, and everyone starts saying the situation is “unprecedented” again, most teams do what humans have always done under pressure: they grip…
Confused Trump Openly Admits Plot to Rig Midterms as Polls Turn Brutal
Last week, the Supreme Court gutted protections against racial gerrymandering, and Donald Trump is already urging Republicans to seize on it. Trump unleashed a Truth Social rant on Monday…