Tag: Singapore Post

SingPost Launches S$300 Million Bond Issue

Posted by | Apr 4, 2003 | |

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.

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SingPost gets SGX approval for listing

Posted by | Mar 29, 2003 | |

Singapore Post (SingPost), a wholly owned unit of Singapore Telecommunications Ltd, said yesterday it has received approval from the Singapore Exchange for a mainboard listing. News indicating the imminent listing of SingPost has been coming in at regular intervals over the last few months. A terse statement from SingTel said that the SingPost divestment is the result of a strategic review of its assets.

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Singapore Post gets nod for joint venture

Posted by | Jan 12, 2003 | |

Singapore Post Pte Ltd has been permitted by the Foreign Investment Promotion Board (FIPB) to set up a joint venture subsidiary in India along with Consignia (Royal Mail) and the Netherlands-based TPG Group. According to the plans sanctioned by the FIPB, Singapore Post will form a 50:50 JV in India with Netherlands-based G3 Worldwide Mail. G3 Worldwide is a joint venture between three partners, the TPG Group, Consignia (Royal Mail) and Singapore Post.

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Sale of SingPost, Yellow Pages needs IDA's nod

Posted by | Dec 2, 2002 | |

Singapore Telecom’s plan to divest non-core assets Singapore Post and SingTel Yellow Pages won’t be a simple asset sale.

Potential buyers will have to be approved by the Infocomm Development Authority because ownership of the licences for the two units is not transferable.

Yellow Pages and SingPost each has its own service-based operator (SBO) licence.

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