StarHub, Singapore’s second-largest mobile operator, has issued S$220m (US$176m) worth of 3.08% notes due 2022.
The issuance is part of StarHub’s S$1bn (US$800.1m) multicurrency medium-term note programme established in September 2011. It is the…
StarHub, Singapore’s second-largest mobile operator, has issued S$220m (US$176m) worth of 3.08% notes due 2022.
The issuance is part of StarHub’s S$1bn (US$800.1m) multicurrency medium-term note programme established in September 2011. It is the first time the operator is offering bonds under that programme.
ANZ and DBS Bank acted as joint lead managers and bookrunners for the transaction.
StarHub said it received approval in-principle from the Singapore exchange for the listing and quotation of the notes, expected to take place today (13 September).
Proceeds will be used for general corporate funding requirements or investments, “including refinancing of existing borrowings and extending its existing debt maturity profile,” the company stated in a notice to the Singapore stock exchange in early September.