By Marisa Wong
Madison, Wis., Feb. 24 – Singapore Telecommunications Ltd. announced that its wholly owned subsidiary, SingTel Group Treasury Pte. Ltd., priced S$150 million of 6˝-year fixed-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.
Oversea-Chinese Banking Corp. Ltd. 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 March 3.
SingTel is a communications provider based in Singapore.
| Issuer: | SingTel Group Treasury Pte. Ltd.
|
| Guarantor: | Singapore Telecommunications Ltd.
|
| Issue: | Fixed-rate notes
|
| Amount: | S$150 million
|
| Maturity: | Sept. 3, 2021
|
| Coupon: | Fixed
|
| Manager: | Oversea-Chinese Banking Corp. Ltd.
|
| Announcement date: | Feb. 24
|
| Settlement date: | March 3
|
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