Singtel’s Optus prices $160m in 10-year notes

Proceeds will be used to fund Optus' regular business operations.

Singtel has announced that its subsidiary Optus, through Optus Finance Pty Limited, has priced $160m in 10-year fixed rate notes.

The notes, due 25 July 2035, will carry a fixed coupon of 2.726% per annum and are guaranteed by Optus and certain subsidiaries. Issued under Optus Finance’s EUR3b Euro Medium Term Note Programme, the notes will be denominated in Singapore dollars.

Proceeds will be swapped into Australian dollars and used to fund Optus' regular business operations.

The issuance is part of Singtel’s strategy to extend its debt maturity profile.

OCBC acted as the sole lead manager and bookrunner.