Singtel unit unveils EUR500m fixed rate notes due 2029 at 1%

Singtel Optus will utilise the funds for general corporate purposes.

Singtel subsidiary Singtel Optus priced its EUR500m ($770.82m) 10 year fixed-rate notes at 1% per annum and for maturity on 20 June 2029, an announcement revealed.

Under the Optus Finance EUR3b ($4.62b), the issued notes are guaranteed by Optus and certain subsidiaries.

“This issue is part of Optus’ long-term financing strategy, extends the maturity profile of Optus’ debt as well as adding diversity to its debt structure,” Singtel said in a filing, noting that Optus will utilise the funds for general corporate purposes.

Citigroup Global Markets, HSBC Bank and Merrill Lynch International acted as joint lead managers and bookrunners for the notes which will be issued on 20 June.  

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