By Marisa Wong
Madison, Wis., Jan. 21 - Singapore Telecommunications Ltd. announced that its wholly owned subsidiary, SingTel Group Treasury Pte. Ltd., priced $100 million of five-year floating-rate notes. The notes will be guaranteed by the parent company.
The notes were issued under the subsidiary's S$10 billion euro medium-term note program.
BNP Paribas, Singapore Branch acted as the manager for the offering.
SingTel said that the issuance is part of its long-term financing strategy and extends its debt maturity profile. Proceeds will be used to fund its ordinary course of business.
The notes will be issued on Jan. 28.
SingTel is a communications provider based in Singapore.
| Issuer: | SingTel Group Treasury Pte. Ltd.
|
| Guarantor: | Singapore Telecommunications Ltd.
|
| Issue: | Floating-rate notes
|
| Amount: | $100 million
|
| Maturity: | Jan. 28, 2019
|
| Coupon: | Floating
|
| Manager: | BNP Paribas, Singapore Branch
|
| Announcement date: | Jan. 21
|
| Settlement date: | Jan. 28
|
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