SingTel Optus calls on Asian buyers for $500m bond debut
SingTel Optus, the Australian subsidiary of Singapore Telecommunications, raised $500m on its international bond debut on Thursday, pricing at the tight end of guidance after it drew strong demand from deal-hungry Asian investors.
Citi, HSBC and JPMorgan arranged the 10 year deal, which was priced at 99.739 with a 4.625% coupon to give investors a spread of 150bp over Treasuries. That was at the tight end of the 155bp area, reduced from earlier whispers of pricing around 160bp over Treasuries.
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