Singtel Group prices $1.05b 10-year notes at 1.875%

The notes will be drawn down under SGT’s $10b Euro Medium Term Note Programme.

Singtel Group Treasury (SGT) has priced $1.05b (US$750m) of 10-year notes carrying a coupon of 1.875% per annum, according to an SGX filing.

The notes, which are US dollar denominated, will be drawn down under SGT’s $10b Euro Medium Term Note Programme guaranteed by Singtel and will mature in 2030.

The issue has attracted strong demand from a wide range of high-quality investors, with the order book closing after receiving interest of approximately $5.73b (US$4.1b) and oversubscribed 5.5 times by investors.

The issuance of notes is part of the long-term financing strategy and extends the debt maturity profile of the group. Net proceeds from this issue will be applied by SGT to fund its ordinary course of business.

Citigroup Global Markets Singapore, DBS Bank, as well as The Hongkong and Shanghai Banking Corporation Limited acted as joint lead managers and bookrunners.

Application has also been made for the listing and quotation of the notes on the Singapore
Exchange Securities Trading Limited (SGX-ST).