SingTel Raises HK$620 Million From Seven-Year, 3.32% Bonds
March 29, 2011, 12:00 AM EDTBy Sean Collins and Katrina Nicholas
(Adds bank managing the sale in second paragraph.)
March 29 (Bloomberg) -- Singapore Telecommunications Ltd., Southeast Asia’s biggest phone company, sold HK$620 million ($79.5 million) of seven-year, 3.32 percent notes, according to a statement to the Singapore stock exchange.
The bonds were issued under the company’s S$10 billion ($7.9 billion) medium-term note program with help from Barclays Plc, and proceeds will be used in its “ordinary course of business,” the statement said.
The sale was SingTel’s first in the Hong Kong currency since June, when its Australian unit sold HK$1 billion of 3.825 percent, 10-year notes, according to data compiled by Bloomberg. SingTel has about S$9 billion of bonds and loans maturing before the end of 2031, the data show.
--Editors: Ed Johnson, Will McSheehy
To contact the reporters on this story: Sean Collins at scollins14@bloomberg.net; Katrina Nicholas in Singapore at knicholas2@bloomberg.net.
To contact the editor responsible for this story: Will McSheehy at wmcsheehy@bloomberg.net.
