StarHub's S$200m perpetual bonds' pricing reflects strong demand

Singapore

THE pricing of StarHub's S$200 million subordinated perpetual bonds this week reflected strong demand from Singapore-based institutional and private-banking investors, a term sheet seen by The Business Times showed.

The telco priced the coupon rate of its perp bonds at 3.95 per cent a year, below the initial yield guidance of 4.25 per cent. This reflects a spread of 171.5 basis points above the 10-year Swap Offer Rate.