Singapore’s second-largest mobile operator, StarHub, has announced it is looking to issue S$220m (US$176m) worth of 3.08% fixed-rate notes due 2022. Pricing has been set at 100% of the principal amount of the notes.
The transaction is part of…
Singapore’s second-largest mobile operator, StarHub, has announced it is looking to issue S$220m (US$176m) worth of 3.08% fixed-rate notes due 2022. Pricing has been set at 100% of the principal amount of the notes.
The transaction 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 issuing bonds under that programme.
ANZ and DBS Bank are acting as joint lead managers and bookrunners for the issue, which is expected to close on or about 12 September 2012.
Proceeds will be used for general corporate funding requirements or investments, “including refinancing of existing borrowings and extending its existing debt maturity profile, working capital, capital expenditure and other general funding requirements,” the company stated in a notice to the Singapore stock exchange.
