MAINBOARD-LISTED telco Singtel : Z74 0%announced Monday (Apr 3) that a unit of wholly-owned subsidiary Singtel Optus has priced a A$100 million (S$90 million) five-year fixed rate sustainability-linked bond (SLB) at 4.577 per cent per annum.

Optus Finance, a wholly-owned subsidiary of Singtel Optus, will issue the Australian dollar-denominated SLB on Apr 12. The notes will mature on Apr 12, 2028.

Guaranteed by Optus and certain subsidiaries, the SLB will be drawn down under Optus Finance’s A$3 billion Australian Debt Issuance Programme.

If the stated greenhouse gas emissions target is not met, the coupon rate of the SLB will be subject to a step-up margin of 0.25 per cent per annum from the interest period commencing Oct 12, 2025.

Singtel said in a bourse filing that Optus will use the net proceeds from this issue to fund its ordinary course of business.

BNP Paribas acted as sole lead manager and bookrunner for the issuance.

GET BT IN YOUR INBOX DAILY

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

Sign UpVIEW ALL