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.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags TelecommunicationsoptussingteldebtConvertible notesASX:SGT

Show Comments