By Marisa Wong
Madison, Wis., Sept. 12 - SBS Transit Ltd. said it issued S$150 million of 1.8% fixed-rate medium-term notes on Wednesday.
The five-year notes make up the second series issued under the S$250 million multicurrency MTN program established on May 24, 2010. SBS issued S$100 million of 1.95% five-year series 001 notes in October 2010.
DBS Bank Ltd. is the bookrunner and dealer for the series 002 notes.
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 Thursday.
SBS is a Singapore bus operator.
| Issuer: | SBS Transit Ltd.
|
| Issue: | Fixed-rate medium-term notes
|
| Amount: | S$150 million
|
| Maturity: | Sept. 12, 2017
|
| Coupon: | 1.8%, payable semiannually
|
| Bookrunner: | DBS Bank Ltd.
|
| Settlement date: | Sept. 12
|
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