SPH prices 10-year US$500m notes at 3.2%

It will be used for financing its general working capital.

Singapore Press Holdings (SPH) has priced its offering of US$500m at 3.2% senior unsecured fixed rate notes due 2030, the company announced. The notes will be issued under its $1b Multicurrency Debt Issuance Programme.

Proceeds from the offering will be used by SPH and its subsidiaries for finance of its general working capital, capital expenditure and corporate requirements like acquisitions and investments, and/or refinancing its existing borrowings.

The notes will be issued at an issue price of 100% of their principal amount and the interest will be payable twice a year in arrear. These will mature on 22 January 2030 and the issuer may redeem all or some of the notes at any time on any interest payment date.

The notes are expected to be issued on 22 January and to be listed on the SGX-ST on or about 23 January. DBS, OCBC and UOB have been appointed as joint lead managers and bookrunners of the offering.

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