Sembcorp Financial Services, a wholly owned subsidiary of the company, announced on Wednesday the successful issuance of S300 million in fixed−rate guaranteed notes.
Priced at 3.555 billion Euro Medium Term Note programme (established July 2023) will pay interest semi-annually on January 2 and July 2 each year.
The offering was nearly seven times oversubscribed, with proceeds earmarked for Sembcorp’s general corporate purposes and working capital needs.
The group’s share price closed unchanged at S$6.85 on Tuesday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.