Singapore Post (SingPost) says subsidiary SingPost Group Treasury has, on March 29, issued $100 million worth of five-year notes.
The notes will carry a coupon of 3.23% per annum and will be drawn down under the $1 billion multicurrency debt issuance programme.
The senior unsecured fixed rate Series 002 notes are guaranteed by SingPost. They come in denominations of $250,000 each, and will mature on March 29, 2027.
According to SingPost, the net proceeds from the issue of the notes will be used for general corporate purposes including the refinancing of SingPost’s, as well as its subsidiaries’ existing borrowings.
The Notes are expected to be admitted to the official List of the SGX-ST with effect from 9 am on March 30.
DBS Bank and The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch (HSBC) were appointed as the joint lead managers.
See also: SingPost’s former CEO and CFO ‘welcome’ SIAS’s inquiry
Shares in SingPost closed 0.5 cent lower or 0.76% down at 65.5 cents on March 29.
