Debt-defying move: SingTel subsidiary to issue fixed-rate notes
The note issue will extend the maturity profile of the subsidiary’s debt and add “diversity to its debt structure”.
Singapore Telecommunications Limited announced that its wholly-owned subsidiary SingTel Optus Pty Ltd through its wholly-owned subsidiary Optus Finance Pty Limited has priced an A$75 million, 7 year fixed-rate note issue which will be issued on 5 December 2011.
The AUD-denominated notes will mature on 5 December 2018. The notes are issued under Optus’ EUR 2 billion Euro Medium Term Note Programme.
The announcement said that the issue forms part of Optus’ long-term financing strategy. Optus will utilise the funds for general corporate purposes.
Credit Agricole Corporate and Investment Bank acted as Arranger for the transaction issue.
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Tags: Optus note issue
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