SingPost says wholly-owned subsidiary SingPost Group Treasury has priced $250 million SGD Senior Unsecured Fixed Rate Notes due 2030, guaranteed by SingPost.

The Singapore-offered notes will be issued under the $1 billion Multicurrency Debt Issuance Programme and will be issued in registered form and denominations of $250,000 each.

The interest rate of the notes is fixed at 2.53% per annum payable semi-annually in arrear.

The notes are expected to be issued on Nov 19, and will mature ten years later, on Nov 19, 2030.

SingPost says the net proceeds from the issue of the notes will be used for general corporate purposes including refinancing of existing borrowings.

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The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch (HSBC), Oversea-Chinese Banking Corporation Limited (OCBC) and United Overseas Bank Limited (UOB) have been appointed as joint lead managers and bookrunners of the offering of the Notes.

As at 9.14am, shares in SingPost are trading flat at 68.5 cents.

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