Singtel subsidiary Optus to issue HK$1.5b fixed rate notes

The notes would last ten years with a fixed rate of 4.635%.

Singapore Telecommunications Limited's (Singtel) wholly-owned subsidiary, Singtel Optus Pty Limited (Optus), has issued HK$1.5b ($259m) in notes due in ten years with a fixed rate of 4.635% per annum.

The fixed rate notes are under the €3b Euro Medium Term Note Programme of Optus' wholly-owned subsidiary, Optus Finance.

In an SGX filing, Singtel said that the issue of the notes is part of its long-term financing strategy and will extend its debt maturity profile.

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Singtel said that Optus would use the net proceeds from the issue of the fixed rate notes to fund its ordinary course of business.

Optus will issue the fixed rate notes on 7 June.