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Optus prices $970m in convertible notes

Optus prices $970m in convertible notes

SingTel (ASX:SGT) has announced that its subsidiary, Optus, has priced €700 million worth ($970.2 million) of guaranteed notes due to mature in 2020.

The notes, which carry a coupon of 3.50 per annum, will be issued under Optus' €2 billion medium term note program and listed on the Singapore exchange.

Optus plans to use the proceeds to enhance the company's debt maturity profile, to refinance its bank borrowings and for various corporate purposes.

SGT shares are today trading 0.8% lower at $2.480.

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Tags debtASX:SGTsingteloptusConvertible notesTelecommunications

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