Singtel says the issue is part of Optus’ long-term financing strategy and extends the debt maturity profile of Optus.
SINGAPORE (June 25): Singapore Telecommunications (Singtel) says its wholly-owned subsidiary Singtel Optus, through its wholly-owned subsidiary Optus Finance, has priced A$350 million (S$336.0 million) worth of five-year fixed-rate notes, as well as A$500 million (S$479.9 million) 10-year fixed-rate notes. Both notes will be issued on July 1.
The five-year notes will carry a coupon of 1.60% per annum, and will mature on July 1, 2025. The 10-year notes will carry a coupon of 2.50% per annum, and will mature on July 1, 2030.
