Singtel prices 5-year sustainability-linked bond

The bond will be drawn down under a $10b euro medium term note programme.

The Singapore Telecommunications Limited (Singtel) declared that it successfully priced five-year digital sustainability-linked bond (SLB), which is a partnership by the firm’s subsidiary, Singtel Group Treasury (SGT), with banking corporation, UOB, and investment firm, ADDX.

The $136m ($US100m) SLB will be drawn down under SGT’s existing $10b euro medium term note programme, guaranteed by Singtel. 

Further the SLB will carry a US$ fixed coupon rate of 3.56% per annum and will mature on 27 April 2027.

The net proceeds from the bond will be applied by SGT to fund its ordinary course of business. This bond will be issued on 27 April 2022 whilst post hedging, the effective S$ interest rate is below 3% per annum.

$1 = $US0.73