By Marisa Wong
Morgantown, W.Va., Feb. 29 – Singapore Telecommunications Ltd. announced that its wholly owned subsidiary, SingTel Group Treasury Pte. Ltd., priced S$250 million of seven-year fixed-rate notes. The notes will be guaranteed by the parent company.
The notes will be issued under the subsidiary’s S$10 billion euro medium-term note program.
DBS Bank 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 7.
SingTel is a communications provider based in Singapore.
| Issuer: | SingTel Group Treasury Pte. Ltd.
|
| Guarantor: | Singapore Telecommunications Ltd.
|
| Issue: | Fixed-rate notes
|
| Amount: | S$250 million
|
| Maturity: | March 7, 2023
|
| Manager: | DBS Bank Ltd.
|
| Coupon: | Fixed
|
| Announcement date: | Feb. 29
|
| Settlement date: | March 7
|
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