Singtel unit prices US$750m 10-year notes at 1.875%

Singapore

SINGTEL on Thursday said its wholly-owned subsidiary, Singtel Group Treasury (SGT), has priced US$750 million in 10-year notes at 1.875 per cent per annum. The notes, which are guaranteed by Singtel, will mature in 2030. They are US dollar-denominated and will be drawn down under SGT's S$10 billion Euro Medium Term Note Programme.

The order book closed after receiving interest of about US$4.1 billion and was 5.5 times subscribed by investors, Singtel said.