This is in line with its goal to meet the Singtel Group’s SBTi-approved 2030 targets of a 42% reduction compared to the 2015 baseline.
The coupon rate of the SLB will be subject to a step-up margin of 0.25% per annum from the interest period commencing 24 November 2025 if the stated target is not met.
“There has been strong demand for Optus’ inaugural SLB issuance from the investor community and we are highly encouraged that our efforts to link financing to sustainability has been well received,” says Singtel’s CFO Arthur Lang.
Australia and New Zealand Banking Group Limited, Commonwealth Bank of Australia and Westpac Banking Corporation acted as joint sustainability co-ordinators, lead managers and bookrunners.
See also: Bond analysts debate if China had role in Treasuries swings
Singtel closed on Nov 18 at $2.52, unchanged for the day and up 9.09% year to date.
