Chicago, April 14 – SingPost Group Treasury Pte. Ltd. sold S$100 million of 3.23% notes due 2027 at par, according to a pricing supplement.
The securities are guaranteed by Singapore Post Ltd. (SingPost).
The notes can be redeemed early with a make-whole premium based on SORA OIS plus 30 basis points.
DBS Bank Ltd. and HSBC Ltd., Singapore Branch are the joint lead managers.
Proceeds will be used for general corporate purposes, including refinancing existing borrowings.
The private Singapore company is engaged in the operation and provision of postal and logistics services.
| Issuer: | SingPost Group Treasury Pte. Ltd.
|
| Guarantor: | Singapore Post Ltd.
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| Amount: | S$100 million
|
| Issue: | Notes
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| Maturity: | March 29, 2027
|
| Bookrunners: | DBS Bank Ltd. and HSBC Ltd., Singapore Branch
|
| Trustee: | Bank of New York Mellon, Singapore Branch
|
| Counsel to issuer: | Allen & Gledhill LLP
|
| Counsel to bookrunners: | WongPartnership LLP
|
| Coupon: | 3.23%
|
| Price: | Par
|
| Yield: | 3.23%
|
| Call features: | Make-whole at SORA OIS plus 30 bps
|
| Trade date: | March 24
|
| Settlement date: | March 29
|
| Distribution: | Singapore
|
| ISIN: | SGXF81332755
|
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