By Marisa Wong
Madison, Wis., Oct. 26 - SBS Transit Ltd. said it issued S$100 million of 1.95% fixed-rate medium-term notes due Oct. 26, 2015 on Tuesday.
The notes are the first series issued under the S$250 million multicurrency MTN program established on May 24, 2010.
The notes bear a fixed interest rate of 1.95% per year payable semiannually.
Oversea-Chinese Banking Corp. Ltd. and Standard Chartered Bank are joint lead managers and joint bookrunners.
Proceeds of the issuance will be used for financing the company's capital expenditures and/or its general corporate requirements.
The notes are expected to be admitted to the Singapore Exchange Securities Trading Ltd. on Wednesday.
SBS is a Singapore bus operator.
| Issuer: | SBS Transit Ltd.
|
| Issue: | Fixed-rate medium-term notes
|
| Amount: | S$100 million
|
| Maturity: | Oct. 26, 2015
|
| Coupon: | 1.95%, payable semiannually
|
| Bookrunners: | Oversea-Chinese Banking Corp. Ltd. and Standard Chartered Bank
|
| Settlement date: | Oct. 26
|
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