By Marisa Wong
Milwaukee, March 23 - Singapore Post Ltd. (SingPost) priced S$200 million of 3½% fixed-rate notes due 2020 on Tuesday, according to a company announcement.
The notes will be issued in denominations of S$250,000. Interest will be payable semiannually.
Settlement is expected March 30.
DBS Bank Ltd. and UBS AG, Singapore Branch are joint lead managers for the notes.
Net proceeds from the notes issuance will be used to finance new investments as part of the company's growth strategy and to fund capital expenditures and working capital.
SingPost provides domestic and international postal services for Singapore.
| Issuer: | Singapore Post Ltd.
|
| Issue: | Fixed-rate notes
|
| Amount: | S$200 million
|
| Maturity: | 2020
|
| Agents: | DBS Bank Ltd.; UBS AG, Singapore Branch
|
| Coupon: | 3½% per year, payable semiannually
|
| Pricing date: | March 23
|
| Settlement date: | March 30
|
| Rating: | Standard & Poor's: AA-
|
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