Under the programme, ST Engineering North America and STE TransCore Holdings may issue short-term unsecured promissory notes for a range of tenors of up to 397 days from time to time. The notes will be guaranteed by ST Engineering.
Singapore Technologies Engineering (ST Engineering)’s subsidiary, ST Engineering North America, has updated its US Commercial Paper Program to include STE TransCore Holdings as an additional issuer under the programme.
STE TransCore Holdings is a wholly-owned subsidiary of ST Engineering. The group’s acquisition of TransCore was completed in March.
