Singtel's (SGX:Z74) Australia-based subsidiary, Singtel Optus, through Optus Finance, will price SG$250 million worth of seven-year fixed rate bonds on March 24, according to a Friday filing with the Singapore Exchange on Monday.
The bonds will carry a coupon of 3.125% per year and will be drawn down under the 3 billion euro medium term bond program. The bonds will mature on March 24, 2032.
Proceeds from the issue will be applied to fund Optus' course of business while Oversea-Chinese Banking (SGX:O39) is the sole lead manager and bookrunner for the issue.
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