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SINGAPORE: Telecommunications operator SingTel said on Thursday that a note issuance by its Australian unit, Optus, has received strong investor support.
It said the medium term note programme by Optus was five times over-subscribed.
Optus, through its wholly-owned subsidiary Optus Finance, had priced its 700 million euros worth of Guaranteed Notes that were due to mature in 2020.
The notes are denominated in euros and carry an annual coupon of 3.5 per cent per annum.
They will be issued under Optus' 2 billion Euro Medium Term Note Programme.
The Notes are rated A-a-3 by Moody's Investors Service and A+ by Standard & Poor's, in line with Optus' current credit ratings. - CNA/fa
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