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Singtel prices US$500m 10-year notes at 2.375%
SINGAPORE Telecommunications (Singtel) said on Tuesday it has priced US$500 million of 10-year notes at 2.375 per cent.
The notes will mature in 2026, and will be drawn down under Singtel Group Treasury's S$10 billion Euro Medium Term Note Programme guaranteed by Singtel (Programme).
They have been rated Aa3 by Moody's and A+ by Standard & Poor's, and have been picking up strong demand from a wide range of investors, Singtel said in a filing to Singapore Exchange (SGX).
"This issue is part of the long-term financing strategy and extends the debt maturity profile of Singtel and its subsidiaries," it said.
Application has been made for the listing and quotation of the notes on SGX, it added.
DBS Bank, HSBC and Morgan Stanley Asia acted as joint lead managers and bookrunners.