Mobile operator SingTel has announced that its wholly-owned subsidiary SingTel Group Treasury (SGT) priced HK$620m (US$79.5m) worth of seven-year, 3.32% notes distributed to institutional investors.
Barclays Capital was the sole manager for this…
Mobile operator SingTel has announced that its wholly-owned subsidiary SingTel Group Treasury (SGT) priced HK$620m (US$79.5m) worth of seven-year, 3.32% notes distributed to institutional investors.
Barclays Capital was the sole manager for this transaction. In a statement to the Singapore Stock Exchange, the company explained that this issue is part of “SGT’s S$10bn (US$8bn) euro medium term note programme established in July 2010.”
The proceeds of the transaction are expected to be used for normal corporate purposes.
In early March, SingTel also announced that it raised US$600m through a notes issue. The 10.5-year notes, which carry an annual coupon of 4.5%, have been rated Aa2 by Moody’s and A+ by Standard & Poor’s. The order book was more than three times oversubscribed.
BNP Paribas, HSBC and Morgan Stanley acted as joint lead managers and bookrunners on the issue while ANZ was appointed as co-manager.
In the filing, SingTel said it plans use the proceeds for general corporate purposes, including the refinancing of maturing debts.
