SingPost issues $250m for 10-year fixed-rate notes

The notes will have an interest rate of 2.53% per annum.

SingPost Group Treasury has priced $250m for 10-year senior and unsecured notes guaranteed to Singapore Post (SingPost).

The notes, expected to be issued on 19 November, will have a fixed interest rate at 2.53% per annum and will mature on 19 November 2030 unless previously redeemed, purchased or cancelled.

The issuer has the option to redeem the notes in whole or in part anytime prior to the maturity date.

The net proceeds garnered from the notes will be used for general corporate purposes, including refinancing of existing borrowings of SingPost and its subsidiaries.

Hongkong and Shanghai Banking Corporation, Singapore Branch, Oversea-Chinese Banking Corporation, and United Overseas Bank have been appointed as joint lead managers and bookrunners for the offering.

The notes will be issued under the $1m multicurrency debt issuance programme of SingPost Group Treasury.