By Rebecca Melvin
Concord, N.H., March 23 – Singapore Post Ltd. wholly owned subsidiary SingPost Group Treasury Pte. Ltd. priced S$100 million of 3.23% senior notes due 2027, according to a company announcement.
The notes were sold under SingPost’s S$1 billion multicurrency debt issuance program and are guaranteed by Singapore Post.
They are callable in whole or in part at any time at a make-whole amount.
DBS Bank Ltd. and HSBC Ltd., Singapore Branch were joint lead managers and bookrunners of the offering, for which proceeds will be used for general corporate purposes, including refinancing existing borrowings.
The company provides mail, logistics and retail solutions and is based in Singapore.
| Issuer: | SingPost Group Treasury Pte. Ltd.
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| Guarantor: | Singapore Post Ltd.
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| Amount: | S$100 million
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| Issue: | Senior notes
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| Maturity: | March 29, 2027
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| Bookrunners: | DBS Bank Ltd. and HSBC Ltd., Singapore Branch
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| Coupon: | 3.23%
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| Call option: | In whole or in part at any time at a make-whole amount
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| Issue date: | March 29
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