Brief: Singapore Technologies Engineering Says Unit Priced $700 Mln 3.375% Notes Due 2027

Singapore Technologies Engineering

27/04/2022 02:34

April 27 (Reuters) - Singapore Technologies Engineering Ltd
 STEG.SI :
    * UNIT PRICED $700 MILLION 3.375% NOTES DUE 2027 & $300
MILLION
3.75% NOTES DUE 2032
    * NOTES ARE EXPECTED TO BE ISSUED ON 5 MAY 2022
    * NET PROCEEDS OF ISSUE WILL BE USED TO REFINANCE
ACQUISITION OF
TRANSCORE PARTNERS, LLC AND TLP HOLDINGS, LLC
    * EXPECTS INTEREST EXPENSE INCURRED ON NOTES TO BE REDUCED
THROUGH
AMORTISATION OF T-LOCKS SETTLEMENT GAINS

Source text for Eikon:  ID:nSN9WNLjQ 
Further company coverage:  STEG.SI 

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