By William Gullotti
Buffalo, N.Y., Nov. 19 – Singapore Telecommunications Ltd. announced that its wholly owned subsidiary, SingTel Optus Pty Ltd., priced A$300 million of 2.6% seven-year sustainability-linked bonds (Aaa), according to a listing notice Friday.
The bonds are being issued by wholly owned subsidiary Optus Finance Pty Ltd. and are guaranteed by SingTel.
The 2.6% coupon is fixed for the first four years and may be subject to a step-up margin of 25 basis points if sustainability targets are not met.
ANZ Banking Group Ltd., Commonwealth Bank of Australia and Westpac Banking Corp. acted as joint sustainability coordinators, joint lead managers and joint bookrunners for the offering.
Proceeds will be used for general corporate purposes.
SingTel is a communications provider based in Singapore.
| Issuer: | Optus Finance Pty Ltd.
|
| Guarantor: | SingTel Optus Pty Ltd.
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| Issue: | Sustainability-linked bonds
|
| Amount: | A$300 million
|
| Maturity: | Nov. 24, 2028
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| Bookrunners: | ANZ Banking Group Ltd., Commonwealth Bank of Australia and Westpac Banking Corp.
|
| Coupon: | 2.6% for first four years; subject to 25 bps step-up margin if sustainability targets are not met
|
| Announcement date: | Nov. 19
|
| Issue date: | Nov. 24
|
| Rating: | Moody’s: Aaa
|
| ISIN: | SGXF70293539
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