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Singtel subsidiary Optus prices maiden sustainability-linked bond at 2.6%

The Edge Singapore
The Edge Singapore11/18/2021 6:25 PM GMT+08  • 1 min read
Singtel subsidiary Optus prices maiden sustainability-linked bond at 2.6%
Singtel is the first telco in Asia Pacific to issue a SLB
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Optus, Singtel’s subsidiary in Australia, has priced its A$300 million 7-year fixed-rate sustainability-Linked Bond (SLB) at 2.6% per annum – making Singtel the first telco in Asia Pacific to raise funds using such an instrument.

The bond, which will be issued on Nov 24, is tied to a target of reducing its absolute greenhouse gas emissions by 25% (Scope 1 and 2 in tCO2e) by 2025, compared to a 2015 baseline.

This is in line with its goal to meet the Singtel Group’s SBTi-approved 2030 targets of a 42% reduction compared to the 2015 baseline.

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