New York, June 23 – Singapore Telecommunications Ltd. said it priced $500 million of 10-year notes (Aa3/A+) with a 3.25% coupon.
The notes, issued by wholly-owned subsidiary Singtel Group Treasury Pte. Ltd., saw demand of $1.25 billion, according to a notice filed with the Singapore Stock Exchange.
Citigroup Global Markets Singapore Pte. Ltd., Hongkong and Shanghai Banking Corp. Ltd., Mizuho Securities Asia Ltd. and Morgan Stanley Asia (Singapore) Pte. were joint lead managers and bookrunners.
Singapore Telecommunications sold the notes as a drawdown from its S$10 billion euro medium-term note program.
Proceeds will be used to fund the company’s business.
Singapore Telecommunications is a Singapore-based communications company.
Issuer: | Singtel Group Treasury Pte. Ltd. (Singapore Telecommunications Ltd.)
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Issue: | Notes
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Amount: | $500 million
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Maturity: | 2025
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Coupon: | 3.25%
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Pricing date: | June 23
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Bookrunners: | Citigroup Global Markets Singapore Pte. Ltd., Hongkong and Shanghai Banking Corp. Ltd., Mizuho Securities Asia Ltd. and Morgan Stanley Asia (Singapore) Pte.
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Ratings: | Moody’s: Aa3
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| Standard & Poor’s: A+
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