Singtel Optus’ wholly owned subsidiary Optus Finance priced 500 million euro (S$770.69 million or US$564.03 million) 10-year fixed-rate notes at 1.0 percent, Singtel said in a filing to SGX Friday.
The notes, which were issued under Optus Finance’s 3 billion euro medium-term note program, will mature on 20 June 2029, the filing said.
“This issue is part of Optus’ long-term financing strategy, extends the maturity profile of Optus’ debt as well as adding diversity to its debt structure,” Singtel said. “Optus will utilize the funds for general corporate purposes.”
Citigroup Global Markets, HSBC Bank and Merrill Lynch International were the joint lead managers and bookrunners, the filng said.
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