Singapore Post (SingPost) is pricing five-year Singapore-dollar senior unsecured fixed-rate benchmark notes with an initial price guidance in the 3.45 percent area, according to a client note seen by Shenton Wire.
The landing guidance is in the 3.2 percent to 3.3 percent area, the client note said.
The benchmark size suggests the offering is at least S$250 million.
SingPost is rated BBB-plus (stable) by S&P Global Ratings, the client note said.
The net proceeds are earmarked for general corporate purposes, including refinancing of existing borrowings, the client note said.
The joint lead managers are DBS Bank and HSBC, the note said.