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SingPost Group issues $100m fixed rate notes due in 2027

Singapore Business Review logo Singapore Business Review 31/3/2022 Staff Reporter
© Provided by Singapore Business Review

Singapore Post (SingPost) Group Treasury Pte. Ltd., a wholly-owned subsidiary of SingPost Limited, issued $100m of senior unsecured fixed rate notes due in 2027. 

In a company announcement, SingPost Group said the notes were issued under the multicurrency debt issuance programme put up by the issuer, which is “unconditionally and irrevocably guaranteed by SingPost Limited. 

Further, the Notes were issued in registered form and in denominations of S$250,000 each. 

The notes have interest at a fixed rate of 3.23% per annum payable semi-yearly “in arrear on 29 March and 29 September in each year and will mature on 29 March 2027.”

The joint lead managers for issuance of notes are DBS Bank Ltd. and The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch. 

The Notes were offered in Singapore following exemptions invoked under Sections 274, 275 and/or any other applicable provision of the Securities and Futures Act 2001 of Singapore.

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