Singapore's SBS Transit launches S$250 million multi-currency medium-term note program

By Marisa Wong

Milwaukee, May 24 - SBS Transit Ltd. announced that it has established a S$250 million multi-currency medium-term note program.

Under the program, SBS may issue notes in Singapore dollars or in other currencies in various amounts and tenors. The medium-term notes can have fixed, floating or variable interest rates.

Standard Chartered Bank is the arranger and dealer.

Net proceeds will be used for financing the company's capital expenditure requirements and its corporate requirements, including refinancing existing borrowings.

SBS is a Singapore bus operator.

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