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TELECOM & INTERNET | Staff Reporter, Singapore

Singtel's oversubscribed US$500 million 10-year notes priced at 3.25%

The order book closed at US$1.25b.

Singtel today announced that its wholly-owned subsidiary, Singtel Group Treasury, priced US$500 million of 10 year notes on 23 June 2015, guaranteed by Singtel.

The issue of Notes was met with strong demand from a wide range of high quality investors. The order book closed after receiving interest of approximately US$1.25 billion and was 2.5 times oversubscribed by investors.

The Notes, which are US$-denominated, will carry a coupon of 3.25 per cent. per annum and is drawn down under SGT’s S$10 billion Euro Medium Term Note Programme. The Notes will mature in 2025.

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