By Marisa Wong
Los Angeles, March 25 – SATS Ltd. priced S$200 million of 2.88% notes due 2025 at par on Wednesday, according to a notice.
DBS Bank Ltd. and United Overseas Bank Ltd. are joint lead managers and bookrunners for the series 001 notes.
The series 001 notes will be issued on March 31 under the company’s S$500 million multicurrency debt issuance program.
Proceeds will be used for general corporate purposes, for investments and to refinance borrowings.
SATS is the ground-handling and in-flight catering service provider for Singapore Changi Airport.
| Issuer: | SATS Ltd.
|
| Issue: | Series 001 notes
|
| Amount: | S$200 million
|
| Maturity: | 2025
|
| Bookrunners: | DBS Bank Ltd. and United Overseas Bank Ltd.
|
| Coupon: | 2.88%
|
| Price: | Par
|
| Yield: | 2.88%
|
| Pricing date: | March 25
|
| Settlement date: | March 31
|
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