Mobile operator Singapore Telecommunications (SingTel) has announced that its wholly-owned subsidiary SingTel Group Treasury will issue US$100m worth of seven-year floating rate notes on 12 September 2011.
HSBC is the sole manager for this…
Mobile operator Singapore Telecommunications (SingTel) has announced that its wholly-owned subsidiary SingTel Group Treasury will issue US$100m worth of seven-year floating rate notes on 12 September 2011.
HSBC is the sole manager for this transaction.
The company said in a statement: “The notes are issued under SGT’s S$10bn [US$8.3bn] euro medium term note programme established in 2010.
“The issue is part of the long-term financing strategy and extends the debt maturity profile of SingTel and its subsidiaries. The net proceeds from this issue will be applied by SGT to fund its ordinary course of business.”
