ST Engineering unit to issue US$500m fixed rate notes

The notes are due in 2026 with a fixed rate of 4.125% per annum.

STE TransCore Holdings, Inc., a wholly-owned subsidiary of ST Engineering, will issue a tranche of notes worth US$500m due in 2026 at a fixed rate of 4.125% per annum.

“The notes will be issued in denominations of US$200,000 and integral multiples of US$1,000 in excess thereof,” ST Engineering announced in a bourse filing.

The notes are under the $5,000,000,000 Global Medium Term Note Programme guaranteed by ST Engineering.

STE TransCore will apply to the Singapore Exchange Securities Trading Limited (SGX-ST) for permission to deal in, and the listing and quotation of the notes.

The company expects to list the notes on the SGX-ST on 24 May.

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