By Rebecca Melvin
Concord, N.H., April 14 – SingTel Group Treasury Pte. Ltd., a wholly owned subsidiary of Singapore Telecommunications Ltd., priced S$1 billion of 3.3% subordinated perpetual securities (A3/BBB), according to a listing notice.
The securities, guaranteed by the parent company, were to be listed on the Singapore Exchange effective on Thursday.
Oversea-Chinese Banking Corp. Ltd., Standard Chartered Bank (Singapore) Ltd., HSBC and DBS Bank Ltd. acted as the lead managers and bookrunners of the Regulation S deal.
SingTel is a communications provider based in Singapore.
| Issuer: | SingTel Group Treasury Pte. Ltd.
|
| Guarantor: | Singapore Telecommunications Ltd.
|
| Issue: | Subordinated securities
|
| Amount: | S$1 billion
|
| Maturity: | Perpetual
|
| Bookrunners: | Oversea-Chinese Banking Corp. Ltd., Standard Chartered Bank (Singapore) Ltd., HSBC and DBS Bank Ltd.
|
| Coupon: | 3.3%
|
| Announcement date: | April 14
|
| Listing date: | April 15
|
| Listing: | Singapore Exchange
|
| Ratings: | Moody’s: A3
|
| S&P: BBB
|
| Distribution: | Regulation S
|
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