Singtel Group Treasury Pte. Ltd.’s $100 Million Sustainability-Linked Notes

Allen & Gledhill advised Singapore Telecommunications Limited and Singtel Group Treasury Pte. Ltd. on the issuance.

Singtel Group Treasury Pte. Ltd. issued US$100 million 3.56% sustainability-linked notes due 2027 under the S$10 billion guaranteed Euro medium term note programme guaranteed by Singtel.

The issue of the Notes is a partnership by Singtel Group Treasury, with United Overseas Bank Limited and digital securities exchange ADDX. This is the largest foreign currency digital bond in Singapore and also the Singtel Group’s first digital sustainability-linked bond.

United Overseas Bank Limited was the sole lead manager for the issue of the Notes.

Advising Singtel and Singtel Group Treasury as to Singapore law were Allen & Gledhill Partners Yeo Wico (Picture), Bernie Lee, Sunit Chhabra, Yeo Boon Kiat, Alexander Yap and Adrian Ang, and Counsel Kern Wong.

Involved fees earner: Adrian Ang – Allen & Gledhill LLP; Sunit Chhabra – Allen & Gledhill LLP; Bernie Lee – Allen & Gledhill LLP; Yeo Wico – Allen & Gledhill LLP; Kern Wong – Allen & Gledhill LLP; Alexander Yap – Allen & Gledhill LLP; Yeo Boon Kiat – Allen & Gledhill LLP;

Law Firms: Allen & Gledhill LLP;

Clients: Singtel; Singtel Group Treasury Pte. Ltd. ;

Sonia Carcano

Author: Sonia Carcano