By Marisa Wong
Morgantown, W.Va., Aug. 29 – Singapore Telecommunications Ltd. announced that its wholly owned subsidiary, SingTel Optus Pty Ltd., priced A$500 million of 3¼% five-year fixed-rate notes.
The notes will be issued through SingTel Optus’ wholly owned subsidiary, Optus Finance Pty Ltd., and guaranteed by SingTel Optus.
Australia and New Zealand Banking Group Ltd. and Westpac Banking Corp. are the joint lead managers and bookrunners.
SingTel Optus said that the issuance is part of its long-term financing strategy and extends its debt maturity profile. Proceeds will be used for general corporate purposes.
The notes will be issued on Sept. 6.
SingTel is a communications provider based in Singapore.
Issuer: | Optus Finance Pty Ltd.
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Guarantor: | SingTel Optus Pty Ltd.
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Issue: | Fixed-rate notes
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Amount: | A$500 million
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Maturity: | Sept. 6, 2023
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Bookrunners: | Australia and New Zealand Banking Group Ltd. and Westpac Banking Corp.
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Coupon: | 3¼%
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Announcement date: | Aug. 29
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Settlement date: | Sept. 6
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