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.
Singtel says the issue is part of Optus’ long-term financing strategy and extends the debt maturity profile of Optus.
Optus will utilise the funds for general corporate purposes.
The notes are guaranteed by Singtel Optus. Australia and New Zealand Banking Group Limited, Commonwealth Bank of Australia and Westpac Banking Corporation acted as joint lead managers and bookrunners.
Shares in Singtel closed flat at $2.53 on Wednesday.
