By Marisa Wong
Madison, Wis., Sept. 28 - SMRT Corp. Ltd. announced that subsidiary SMRT Capital Pte. priced a second series of fixed-rate notes under its S$1 billion multicurrency guaranteed medium-term note program.
The subsidiary will issue S$100 million of 2.363% notes due 2022 in addition to the S$350 million of 1.2% notes due 2017 announced on Thursday.
Proceeds from the two series of notes will be used for the group's general corporate funding needs.
Australia and New Zealand Banking Group Ltd. and Standard Chartered Bank are joint lead managers and joint bookrunners.
The notes are expected to be rated AAA by Standard & Poor's.
The Singapore-based transport operator established the MTN program in September 2009 with Hongkong and Shanghai Banking Corp. Ltd. as arranger.
| Issuer: | SMRT Capital Pte.
|
| Issue: | Fixed-rate medium-term notes
|
| Amount: | S$100 million
|
| Maturity: | Oct. 5, 2022
|
| Coupon: | 2.363%
|
| Bookrunners: | Australia and New Zealand Banking Group Ltd. and Standard Chartered Bank
|
| Announcement date: | Sept. 28
|
| Settlement date: | Oct. 5
|
| Expected rating: | Standard & Poor's: AAA
|
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