StarHub (SGX:CC3) issued SG$300 million worth of 2.55% bonds due 2035 under its SG$2 billion multicurrency debt issuance program, according to a Monday filing with the Singapore Exchange.
Shares of the company were down nearly 1% in Tuesday trading.
DBS Bank and United Overseas Bank (SGX:U11) were appointed as joint global coordinators, lead managers and bookrunners for the bonds, along with The Hongkong and Shanghai Banking and Oversea-Chinese Banking Corp. or OCBC(SGX:O39).
The bonds are expected to be issued on Nov. 26, with proceeds from the issue to be used for general corporate funding requirements or investments.
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