SingTel’s Optus launches 2b euro note programme

SINGAPORE Telecommunications yesterday said that wholly owned Optus Finance Pty has set up a two billion euro (S$4.1 billion) medium-term note programme.

Under the programme, which is guaranteed by SingTel Optus Pty and certain of its subsidiaries, the issuer may from time to time issue notes in series or tranches, in various amounts and tenors, and denominated in any currency agreed. They may bear fixed, floating or variable rates of interest or not at all. The notes will constitute unsecured obligations of Optus Finance.

The notes programme has been rated Aa3 by Moody’s Investors Service and A+ by Standard & Poor’s.

SingTel Optus, the Australian unit of the homegrown telco, recently clinched a A$186.5 million (S$223.4 million) contract from the Australian Taxation Office, its largest federal government deal from Down Under. SingTel Optus accounted for 29 per cent of the group’s earnings before interest, taxes, depreciation and amortisation (Ebitda) for the fourth quarter ended March. In the same quarter, the unit saw net profit rise 17 per cent to A$193 million. SingTel posted a 17.3 per cent drop in Q4 net income to $903 million. Full-year earnings fell 12.9 per cent to $3.45 billion, on a 0.6 per cent increase in revenue to $14.9 billion.

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