SingPost Launches S$300 Million Bond Issue
Singapore Telecommunications Limited (“SingTel”) today announced that Singapore Post Limited (“SingPost”), currently a wholly-owned subsidiary of SingTel, has launched a S$300 million bond issue.
The unsecured bonds will have a maturity of ten years with a coupon of 3.13 per cent per annum payable semi-annually with an issue price of par.
The issue, which will be fully underwritten, is jointly lead-managed by The Development Bank of Singapore Ltd and UBS AG, acting through its business group UBS Warburg.
The net proceeds of the bond issue, after deducting issue expenses, will be used to fund SingPost’s operations, anticipated capital expenditure and working capital requirements.
ABOUT SINGTEL
SingTel is Asia’s leading communications company with a comprehensive portfolio of services that include voice and data services over fixed, wireless and Internet platforms. Serving both the corporate and residential markets, SingTel is committed to bringing the best of global communications to its customers in the Asia Pacific and beyond.
SingTel has been recognised Best Asian Telecom Operator by industry publication, TelecomAsia, for five consecutive years since 1998. The Group’s turnover for the year ended 31 March 2002 was $7.34 billion (US$4.02 billion). More information can be found at www.singtel.com.
ABOUT SINGPOST
SingPost is a household name in Singapore with strong brand recognition. It is the dominant provider of domestic and international postal services in Singapore. It is one of the most efficient and profitable postal operators globally and offers customers a one-stop logistics business and retail distribution network in Singapore.
With a highly efficient mail delivery services system utilising a sophisticated distribution infrastructure and advanced mail processing technology, SingPost estimates that it has achieved domestic mail market share of greater than 95 per cent. It believes that its Spring joint venture is a market leader in private cross-border mail solutions.
This announcement is not for distribution, directly or indirectly, into the United States, Canada or Japan. This announcement is not an offer of securities for sale into the United States, Canada or Japan. The securities may not be offered or sold in the United States or to, or for the account or benefit of, US persons (as such term is defined in Regulation S under the US Securities Act of 1933) unless they are registered or exempt from registration. SingPost does not intend to register the securities or conduct a public offer of the securities in the United States.
ends – AAP
