Singtel's (SGX:Z74) subsidiary, Optus Finance, priced SG$200 million worth of 10-year fixed-rate bonds, according to a Tuesday filing with the Singapore Exchange.
Shares of the telecommunications company were down under 1% in Wednesday trading.
The bonds, carrying a coupon of 2.48% per annum, will mature on Dec. 3, 2035, and will be guaranteed by Optus and certain subsidiaries.
United Overseas Bank (SGX:U11) is the sole lead manager and bookrunner for the bonds, which will be issued on Dec. 3, the filing said.
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