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Singtel unit prices S$160 million in fixed-rate notes at 2.726%

Singtel unit prices S$160 million in fixed-rate notes at 2.726%

By Swedan Margen

Fashion

Singtel Optus, a wholly owned subsidiary of the telecommunications giant, on Monday (Jul 21) priced S$160 million in fixed-rate notes due Jul 25, 2035, at 2.726 per cent.

They will be issued under Optus Finance’s Euro Medium Term Note programme, which has a size of three billion euros (S$4.5 billion). The notes, which are guaranteed by Optus and certain subsidiaries, will be issued on Jul 25.

“The issue is part of the long-term financing strategy and extends the debt maturity profile of Singtel and its subsidiaries,” Singtel said in a bourse filing. Net proceeds will be swappedfor Australian dollars and used to fund Optus’ regular business operations.

OCBC has been appointed as the sole lead manager and bookrunner for the issuance.

Shares of Singtel closed 0.5 per cent or S$0.02 lower at S$4.15 on Monday, before the announcement.

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Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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Singtel unit prices S$160 million in fixed-rate notes at 2.726% | Grazia British