SingTel launches $430m bond issue

Nicole McCormick
31 Mar 2010
00:00

SingTel has issued S$600 million ($428.8m) worth of guaranteed bonds to reschedule debt and provide working capital for its Singapore and other Asian businesses.

The firm said it use the net proceeds of the issue to refinance SingTel group treasury’s existing bank borrowings and to fund the group’s “ordinary course of business.

The offer is scheduled to close on April 8, with the notes to list on the Singapore bourse about a day later.

SingTel group CFO Jeann Low said the issue had so far been “well received.”

The bonds, which mature in 2020, pay a semi annual coupon of 3.49% per annum.

The issue is jointly lead-managed by DBS Bank, HSBC and Overseas-Chinese Banking Corporation.

Related content

Follow Telecom Asia Sport!
Comments
No Comments Yet! Be the first to share what you think!
This website uses cookies
This provides customers with a personalized experience and increases the efficiency of visiting the site, allowing us to provide the most efficient service. By using the website and accepting the terms of the policy, you consent to the use of cookies in accordance with the terms of this policy.