SBS Transit issues S$150m fixed rate notes

This is the second series issued under SBS Transit’s S$250m Multicurrency Medium Term Note Programme.

SBS Transit Ltd announced that it has on 12 September 2012 issued S$150 million 1.80% fixed rate notes due 2017.

DBS Bank Ltd has been appointed as sole bookrunner and dealer for the notes.

The notes will mature on 12 September 2017 and will bear a fixed interest rate of 1.80% per annum payable semi-annually in arrear.

The net proceeds will be used for financing the capital expenditure and/or general corporate requirements of SBS Transit.

Approval in-principle has been granted by the Singapore Exchange Securities Trading Limited for the listing and quotation of the notes on the SGX-ST.

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