Logo from SATS

SATS prices US$500m worth of bonds at 4.828%

The bonds are due in five years.

SATS has priced its inaugural issue of US$500 million senior unsecured notes due 23 January 2029 at 4.828%.

“The notes are immediately converted into Euros through a cross-currency swap to achieve a fixed rate of 3.498% per annum to match the currency of the existing bridge loans to hedge the company's foreign currency exposure,” SATS explained.

SATS will list the notes on the SGX-ST on 24 January.

SATS will use the net proceeds from the notes issuance to refinance part of its existing €1b ($1.5b) bridge loans maturing in May 2024.

The notes represent the first issuance of SATS’ US$3b multicurrency debt issuance programme established on 17 November 2023, known as the EMTN Programme.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


ION Orchard marks 15 years as a premier retail destination
The mall is proactive in conducting surveys to identify trends and optimise its tenant mix.
ION Orchard leads charge in sustainable takeaway practices
 Shoppers will enjoy discounts when they opt for a reusable mug or food container from Muuse.