SembCorp Financial Services plans to sell $300 million of 10-year bonds priced to yield between 75 basis points and 80 basis points more than the Singapore swap offer rate, according to a person familiar with the matter.
DBS Group Holdings, HSBC Holdings Plc and Standard Chartered Plc are managing the sale, which may price as early as today, the person said, asking not to be identified by Bloomberg as details are private.