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Telstra announces A$1 billion bond issue
AUSTRALIA-BASED Telstra on Thursday announced a AS$1 billion (S$1.06 billion) bond issue under its Debt Issuance Program Offering Circular dated March 31, 2017.
It comprises the following tranches: A$300 million four-year fixed rate notes with a coupon of 2.90 per cent maturing on April 19, 2021; A$150 million four-year floating rate notes with a coupon of three-month BBSW (Bank Bill Swap reference rate) + 0.82 per cent maturing on April 19, 2021; and A$550 million 10-year fixed rate notes with a coupon of 4 per cent maturing on April 19, 2027.
Telstra said it will use the proceeds from the notes for general corporate purposes.