Singapore Technologies amends S$5 billion multicurrency MTN program

By William Gullotti

Buffalo, N.Y., April 18 – Singapore Technologies Telemedia Pte. Ltd. subsidiaries ST Engineering RHQ Ltd. and ST Engineering Treasury Pte. Ltd. have amended and updated their S$5 billion multicurrency medium-term note program on the Singapore Exchange Securities Trading Ltd., according to notices on Monday.

The amendment adds an another wholly owned subsidiary, ST Engineering Urban Solutions USA Inc., as an additional issuer under the program established on March 18, 2020.

Singapore Technologies Engineering Ltd. is the guarantor.

The notes may be issued in various amounts and tenors and may be fixed-rate notes, floating-rate notes, zero-coupon notes, index-linked notes, dual-currency notes or a combination of these.

J.P. Morgan (S.E.A.) Ltd., DBS Bank Ltd. and Standard Chartered Bank (Singapore) Ltd. are arrangers and dealers for the Regulation S and Rule 144A program.

Credit Agricole CIB, Singapore Branch, Merrill Lynch (Singapore) Pte., Ltd., Societe Generale CIB and OCBC Ltd. are also dealers for the updated program.

Allen & Gledhill LLP acted as counsel to the issuers and guarantor regarding Singapore law as well as listing agent.

Sidley Austin LLP acted as counsel to the issuers and guarantor regarding law in England and the United States with Allen & Overy LLP acting in the same capacity for the dealers.

Singapore Technologies Telemedia is a Singapore-based investment holding company focused on communications, media and technology.

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