Investors connect to Singtel's $500m outing

Singapore adobe stock AS 230x150
By Morgan Davis
21 Aug 2018

Singapore Telecommunications bagged $500m from an opportunistic outing on Monday, leveraging on its rarity value and investment grade credentials to woo investors.

Singtel, which has limited funding needs, has not sold a dollar bond since late 2016, when it sealed a $500m 2.375% 2026 deal. Its scarcity factor was a big draw for the buy-side this week. 

But that was not all. Singtel also provided a safe diversifying option to investors, who ...

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