The group says that net proceeds will be swapped into Australian dollars and applied by Optus towards funding its ordinary course of business. OCBC is the sole lead manager and bookrunner for the issuance.
The group says that the issue is part of the long-term financing strategy and extends the debt maturity profile of Singtel and its subsidiaries.
Shares in Singtel closed 2 cents lower or 0.48% down at $4.15 on July 21.
