SingPost issues S$250m in perpetual securities at initial rate of 4.35% per annum
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Singapore
SINGAPORE Post (SingPost) said in a bourse filing late Wednesday (Mar 30) that it will be issuing S$250 million in perpetual securities with an initial distribution rate of 4.35 per cent per annum for the first 5 years.
The distribution rate will be reset on Jul 6, 2027 to a rate equivalent to the 5-year Singapore Overnight Rate Average Overnight Indexed Swaps, in addition to an initial spread of 2.183 per cent and a step-up margin of 0.25 per cent.
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