By Taylor Fox
New York, Nov. 12 – Singapore Post Ltd. wholly owned subsidiary SingPost Group Treasury Pte. Ltd. priced S$250 million of 2.53% senior fixed-rate notes due 2030 under its S$1 billion multicurrency debt issuance program, according to a company announcement.
The notes are guaranteed by Singapore Post.
The securities are callable in whole or in part at any time at a make-whole amount.
The Hongkong and Shanghai Banking Corp. Ltd., Singapore Branch, Oversea-Chinese Banking Corp. Ltd. and United Overseas Bank Ltd. are joint lead managers and bookrunners of the offering.
Proceeds will be used for general corporate purposes, including refinancing of existing borrowings.
The company provides mail, logistics and retail solutions and is based in Singapore.
| Issuer: | SingPost Group Treasury Pte. Ltd
|
| Guarantor: | Singapore Post Ltd.
|
| Issue: | Senior fixed-rate notes
|
| Amount: | S$250 million
|
| Maturity: | Nov. 19, 2030
|
| Bookrunners: | Hongkong and Shanghai Banking Corp. Ltd., Singapore Branch, Oversea-Chinese Banking Corp. Ltd. and United Overseas Bank Ltd.
|
| Coupon: | 2.53%
|
| Call option: | In whole or in part at any time at a make-whole amount
|
| Pricing date: | Nov. 12
|
| Settlement date: | Nov. 19
|
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