Singtel Group prices $1.04b 10-year notes at 2.375%

Its order book is 3.6 times oversubscribed.

Singtel Group Treasury, a wholly-owned subsidiary of Singapore Telecommunications (SingTel), has priced $1.04b (US$750m) of 10-year notes, an announcement revealed.

Its order book closed after receiving interest of approximately $3.74b (US$2.7b), which is 3.6 times oversubscribed by investors.

The notes, which are US$-denominated, will carry a coupon of 2.375% pa and will be drawn down under SGT’s $10b Euro Medium Term Note Programme guaranteed by Singtel (Programme). These notes will mature in 2029.

Citigroup Global Markets Singapore, HSBC and Standard Chartered Bank acted as joint lead managers and bookrunners.

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