SINGAPORE, Optus Finance, a fully owned subsidiary of Singapore Telecommunications (Singtel), has priced S$160 million worth of 10-year fixed-rate notes at an annual coupon of 2.726%. The notes, denominated in Singapore dollars, are set to be issued on July 25 and will mature on July 25, 2035.
The issuance is part of Optus Finance’s EUR3 billion Euro Medium Term Note Programme. According to Singtel, the net proceeds will be swapped into Australian dollars and used to support Optus’ general business operations.
OCBC is acting as the sole lead manager and bookrunner for the offering.
Singtel noted that this issuance forms part of its long-term financing strategy and helps extend the debt maturity profile of both the company and its subsidiaries.
As of July 21, Singtel shares closed 2 cents lower at $4.15, down 0.48%.
