SingTel Unit Prices S$150m 5.5-Year Fixed-Rate Notes Due 2020

(Bloomberg) — Notes part of long-term financing strategy, according to statement.

• Proceeds used to fund ordinary course of business
• Oversea-Chinese Banking Corp. acted as sole manager

This follows their SGD 150 mio 2.72% 6.5 year deal done in Feb. That bond is trading at 100.375/101.00.

If the proceeds were swapped into AUD, the effect would be that of selling the forwards and receiving swaps i.e. lower SGD rates. The amount is not significant, however.