Type your search and hit enter
SingTel prices $200m in convertible notes

SingTel prices $200m in convertible notes

Optus parent SingTel (ASX:SGT) has priced S$250 million ($203.4 million) worth of convertible notes.

The notes, issued by subsidiary SingTel Group Treasury and guaranteed by SingTel, will mature in July 2016.

They carry an annual coupon of 2.15% per annum and are issued under SingTel's S$10 billion Euro Medium Term Note Programme, which was established in July 2010.

In a statement, SingTel said it would put the proceeds towards funding ordinary business activities, and that the issue is part of a long-term financing strategy.

SingTel and Optus earlier this month signed credit facilities with a number of banks worth a total of S$3.7 billion ($2.81 billion).

And in March, SingTel priced US$600 million ($561.2 million) worth of convertible notes under the same Euro Note programme.

The company reported a net debt for the year ending in March of S$6.02 billion, compared to assets of S$39.28 billion and net profit of of S$3.8 billion.

SGT shares declined 0.42% during Wednesday's trading to $2.390.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags TelecommunicationsoptussingteldebtConvertible notesASX:SGT

More about Optus

Show Comments