Singtel prices S$1 bil subordinated perpetual securities at 3.3%

Singtel prices S$1 bil subordinated perpetual securities at 3.3%
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SINGAPORE (April 8): Singtel Group Treasury (SGT), a wholly-owned subsidiary of Singapore Telecommunications (Singtel), has priced S$1 billion of subordinated perpetual securities on April 7.

The order book for the securities, which are guaranteed by Singtel, closed after receiving interest of approximately S$2.1 billion and was 2.1 times oversubscribed by investors.

The securities will be drawn down under SGT’s existing S$10 billion Euro Medium Term Note Programme and will have an...(click on link for full story on theedgesingapore.com)