Corporate digest

Singtel

MAINBOARD-LISTED telco Singtel said on Wednesday (Apr 20) that it has successfully priced its first digital sustainability-linked bond in partnership with UOB and private markets platform ADDX.

The US$100 million 5-year digital sustainability-linked bond (SLB) will be drawn down under Singtel Group Treasury's existing S$10 billion Euro Medium Term Note Programme and is guaranteed by Singtel.

The SLB will carry a US dollar fixed coupon rate of 3.56 per cent per annum and mature on Apr 27, 2027.

The bond will be issued on Apr 27, 2022, with an effective Singdollar interest rate below 3 per cent per annum post hedging.

UOB is the lead manager for the issuance, while the entire SLB will be tokenised on ADDX's digital securities exchange.

Singtel said the net proceeds from this issue will be used to fund its ordinary course of business.

SMI Vantage

Investment and management company SMI Vantage said that it has resumed its travel retail business as the Yangon International Airport re-opened on Sunday (Apr 17).

The airport had been closed since Mar 29, 2020, at the start of Covid-19 pandemic.