Optus, the Australian mobile unit of Singapore’s Singtel, has priced a A$300m (US$271.9m) five-year fixed rate note issue.
The company said in a stock exchange filing that the transaction is part of its long-term financing strategy, extending its…
Optus, the Australian mobile unit of Singapore’s Singtel, has priced a A$300m (US$271.9m) five-year fixed rate note issue.
The company said in a stock exchange filing that the transaction is part of its long-term financing strategy, extending its maturity profile and adding diversity to its debt structure. Proceeds will be used for general corporate purposes.
ANZ, Commonwealth Bank of Australia, HSBC and Westpac acted as joint lead managers and bookrunners.
Optus is the second-largest wireless player in Australia. For the three months to 30 September, the company’s net profit increased 33% to A$218m and EBITDA was up 11% to A$621m. Last year, it bought local 4G network operator Vividwireless for A$230m (US$233m).