Singtel returns to home market with first perp

By Morgan Davis
08 Apr 2021

Singapore Telecommunications (Singtel) sold a subordinated perpetual bond in the Singapore dollar market this week, marking its return to the currency after more than a decade, as well as its first perp.

The A1/A rated company raised S$1bn ($746.6m) from its subordinated perpetual trade on Wednesday. The structure of the notes, S&P-compliant with a staggered step-up for equity treatment, was the first of its kind in the Singapore dollar market.

While Singtel has sold a smattering of dollar bonds ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial