New York, July 9 - Singapore Technologies Engineering Ltd. said it priced $500 million of 4.8% notes due 2019.
The notes were issued via subsidiary ST Engineering Financial I Ltd. under its $1.2 billion multi-currency medium-term note program.
Deutsche Bank AG, Singapore Branch and Morgan Stanley Asia (Singapore) Pte. are joint bookrunners.
Proceeds will be used for new capital expenditures, acquisitions, general corporate purposes and/or refinancing existing borrowings.
ST Engineering is a Singapore-based engineering group.
| Issuer: | ST Engineering Financial I Ltd. (Singapore Technologies Engineering Ltd.)
|
| Issue: | Medium-term notes
|
| Amount: | $500 million
|
| Maturity: | July 16, 2019
|
| Coupon: | 4.8%
|
| Bookrunners: | Deutsche Bank AG, Singapore Branch and Morgan Stanley Asia (Singapore) Pte.
|
| Settlement: | July 16
|
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