Sembcorp Industries’ subsidiary has issued $300 million 3.55% fixed rate guaranteed notes due 2046 under its $5 billion Euro Medium Term Note Programme.
The payment obligations of Sembcorp Financial Services, the subsidiary, under the notes are unconditionally and irrevocably guaranteed by Sembcorp.
The company priced the notes on June 25 at an interest rate of 3.55% per annum, payable semi-annually on Jan 2 and July 2 each year. Sembcorp said that proceeds from the issuance will finance the general corporate purposes and working capital requirements of the company and its subsidiaries, after issue expenses are deducted.
The listing of the notes will take place on July 3.
Shares in Sembcorp Industries closed 19 cents higher or 2.742% up at $7.12 on July 2.
