Latest news with #EuroMediumTermNote
Business Times
21-07-2025
- Business
- Business Times
Singtel unit prices S$160 million in fixed-rate notes at 2.726%
[SINGAPORE] Singtel Optus, a wholly owned subsidiary of the telecommunications giant, on Monday (Jul 21) priced S$160 million in fixed-rate notes due Jul 25, 2035, at 2.726 per cent. They will be issued under Optus Finance's Euro Medium Term Note programme, which has a size of three billion euros (S$4.5 billion). The notes, which are guaranteed by Optus and certain subsidiaries, will be issued on Jul 25. 'The issue is part of the long-term financing strategy and extends the debt maturity profile of Singtel and its subsidiaries,' Singtel said in a bourse filing. Net proceeds will be swapped for Australian dollars and used to fund Optus' regular business operations. OCBC has been appointed as the sole lead manager and bookrunner for the issuance. Shares of Singtel closed 0.5 per cent or S$0.02 lower at S$4.15 on Monday, before the announcement.
Fashion Network
15-07-2025
- Business
- Fashion Network
El Corte Inglés issues $585 million in new eight-year bonds
El Corte Inglés has announced plans to issue a new €500 million ($585 million) bond with an eight-year maturity, according to company sources cited by Europa Press. The retail giant, chaired by Marta Álvarez, will offer fixed-rate senior bonds, with final terms subject to market conditions, Bloomberg reported. El Corte Inglés will issue the bonds under its Euro Medium Term Note (EMTN) program, dated July 15, and expects to receive a rating of 'BBB-/BBB-' from S&P and Fitch. Proceeds from the bond issue will be allocated to general corporate purposes, which may include refinancing existing debt. El Corte Inglés has appointed Barclays, BBVA, BofA Securities, CaixaBank, Citi, Goldman Sachs Bank Europe SE, and J.P. Morgan to lead the transaction, with Barclays also coordinating the investor roadshow. This move follows the company's previous €500 million bond offering issued a year ago, which attracted strong investor interest, with demand exceeding supply by approximately seven times. That offering, supported by both domestic and international institutional investors, marked El Corte Inglés' first investment-grade placement, maturing in June 2031, and was rated by Standard & Poor's and Fitch. The current offering is also targeted at qualified institutional investors, underscoring the group's ongoing strategy to strengthen its financial position and reinforce its presence in the capital markets. (€1 = $1.17)
Yahoo
10-06-2025
- Business
- Yahoo
Norsk Hydro: Successful placement of inaugural European Green Bond
Norsk Hydro ASA has successfully issued EUR 500 million of senior unsecured European Green Bonds (EuGB) under its Euro Medium Term Note (EMTN) Programme. The new bond has a tenor of 8 years and a fixed annual coupon of 3.75 percent (3.779 percent reoffer yield). "We are delighted to have completed such a successful placement and issued our inaugural EuGB. The strong interest confirms that Hydro is considered an attractive investment for bond investors supporting our strategy of pioneering the green aluminium transition, powered by renewable energy. We are pleased to have achieved highly competitive terms," says Chief Financial Officer, Trond Olaf Christophersen. An amount equivalent to the proceeds from the bond issue will be allocated to eligible activities as detailed in Hydro's European Green Bond Factsheet. The transaction also markets Hydro as the first issuer of an EuGB from the Nordic region, highlighting the company's commitment to the development of the sustainable finance markets. The bonds will be listed on the Irish Stock Exchange (Euronext Dublin). BNP Paribas, Citi, Crédit Agricole Corporate and Investment Bank, DNB Carnegie, Goldman Sachs Bank Europe SE and Nordea are Joint Lead Managers for the transaction. Citi acted as the Green Structuring Bank. Investor contactElitsa 91775472 Media contactAnders Vindegg+47 Group Treasury and TaxNesrin Taraf+47 This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Yahoo
10-06-2025
- Business
- Yahoo
Norsk Hydro: Successful placement of inaugural European Green Bond
Norsk Hydro ASA has successfully issued EUR 500 million of senior unsecured European Green Bonds (EuGB) under its Euro Medium Term Note (EMTN) Programme. The new bond has a tenor of 8 years and a fixed annual coupon of 3.75 percent (3.779 percent reoffer yield). "We are delighted to have completed such a successful placement and issued our inaugural EuGB. The strong interest confirms that Hydro is considered an attractive investment for bond investors supporting our strategy of pioneering the green aluminium transition, powered by renewable energy. We are pleased to have achieved highly competitive terms," says Chief Financial Officer, Trond Olaf Christophersen. An amount equivalent to the proceeds from the bond issue will be allocated to eligible activities as detailed in Hydro's European Green Bond Factsheet. The transaction also markets Hydro as the first issuer of an EuGB from the Nordic region, highlighting the company's commitment to the development of the sustainable finance markets. The bonds will be listed on the Irish Stock Exchange (Euronext Dublin). BNP Paribas, Citi, Crédit Agricole Corporate and Investment Bank, DNB Carnegie, Goldman Sachs Bank Europe SE and Nordea are Joint Lead Managers for the transaction. Citi acted as the Green Structuring Bank. Investor contactElitsa 91775472 Media contactAnders Vindegg+47 Group Treasury and TaxNesrin Taraf+47 This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading in to access your portfolio
New Straits Times
04-06-2025
- Business
- New Straits Times
Affin makes first foray into US dollar bond market, raises US$300mil
KUALA LUMPUR: Affin Group has raised US$300 million through its first-ever US dollar bond issuance, marking a key milestone as it taps into the global capital market. The senior unsecured notes, issued under the group's US$2 billion Euro Medium Term Note (EMTN) programme, drew strong interest from international investors, with demand exceeding US$1 billion, more than three times the offer size. Affin president and group chief executive officer Datuk Wan Razly Abdullah said the deal reflects growing investor confidence in the bank's fundamentals. "The overwhelming response underscores investor confidence in our fundamentals and validates the credibility we have established," he said in a statement. The notes were priced at a fixed rate of 5.112 per cent per annum or 105 basis points above the five-year US Treasury yield. They are rated A3 with a stable outlook by Moody's Investor Services Inc, following Affin's recent international credit rating. Most of the notes were taken up by Asian investors, accounting for 87 per cent, followed by 11 per cent from Europe, the Middle East and Africa and two per cent from offshore US accounts. By investor type, fund managers and insurers took the lion's share at 72 per cent, followed by banks at 24 per cent and private banks and others with four per cent. Affin said the EMTN programme gives it greater flexibility to raise funds in foreign currencies, supporting its broader push to grow internationally. The notes will be listed on the Singapore Exchange. Affin Hwang Investment Bank Bhd, HSBC, MUFG, and Standard Chartered are joint lead managers and bookrunners for the issuance, with DBS Bank Ltd acting as co-manager.
