Singtel prices SGD 1 billion securities at 3.30%

Monday 12 April 2021 | 11:49 CET | News
Singapore operator Singtel has announced that its subsidiary Singtel Group Treasury (SGT) has priced SGD 1 billion of subordinated perpetual securities on 7 April, guaranteed by Singtel. Singtel also reports that the issue of the Perpetual Securities attracted demand from a wide range of investors. The order book closed after receiving interest of SGD 2.1 billion and was 2.1 times oversubscribed by investors. SGT plans to use the net proceeds from this issue "to fund its ordinary course of business".

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Categories: Mobile & Wireless
Companies: DBS / SingTel
Countries: Singapore
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