SPH to issue S$500m 3.2% senior unsecured notes due 2030

SINGAPORE Press Holdings (SPH) will issue S$500 million senior unsecured notes at par, under its S$1 billion multi-currency debt programme.

The 10-year notes will carry a coupon of 3.2 per cent per annum, the mainboard-listed group said on Wednesday evening.

The notes are expected to be issued on Jan 22 and listed on the Singapore Exchange on or around Jan 23. They will mature on Jan 22, 2030.

Issuance proceeds will be used for SPH's general working capital, capital expenditure, and/or to refinance existing borrowings of the media group and its subsidiaries. It may also be used for corporate requirements, including acquisitions and investments.

DBS Bank, OCBC Bank, and United Overseas Bank were the joint lead managers and bookrunners for this deal.

SPH, which publishes The Business Times, saw its shares close at S$2.12 on Wednesday, down two Singapore cents, or 0.9 per cent, before this announcement.