Business

SATS to issue $200m in notes due 2025

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SINGAPORE (THE BUSINESS TIMES) – SATS on Wednesday (March 25) announced that it is offering S$200 million in five-year notes.

The notes, which will mature five years from the date of issuance, will have a fixed coupon rate of 2.88 per cent per annum payable semi-annually in arrear.

The notes are in denominations of S$250,000 and are expected to be issued on March 31, 2020.

Net proceeds will be used for refinancing of existing borrowings and general corporate purposes, SATS said in a bourse filing.

The Series 001 notes will be issued under the company's S$500 million multi-currency debt-issuance programme.

DBS Bank and UOB have been appointed as Read More – Source