By Jennifer Chiou
New York, March 28 - Singapore Telecommunication Ltd. subsidiary SingTel Group Treasury Pte. Ltd. priced $620 million of seven-year notes to yield 3.32%, according to a company news release.
The notes, guaranteed by SingTel, will mature on April 4, 2018.
The issue came under the company's S$10 billion euro medium-term note program.
Barclays Capital was the manager for the deal.
SingTel said that the transaction is part of its long-term financing strategy, adding that it extends the group's debt maturity profile.
The proceeds will be used for general corporate purposes.
SingTel is a broadband service provider based in Singapore.
| Issuer: | SingTel Group Treasury Pte. Ltd.
|
| Guarantor: | Singapore Telecommunication Ltd.
|
| Issue: | Notes
|
| Amount: | $620 million
|
| Maturity: | April 4, 2018
|
| Bookrunner: | Barclays Capital
|
| Yield: | 3.32%
|
| Announcement date: | March 28
|
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