ST Engineering US$500m 4.125% notes due 2026
Refinance STE TransCore's outstanding short-term US commercial paper
Key terms
- Borrower or issuer
- ST Engineering
- Date
- 16 May 2023
- Type
- Bond
- Amount
- US$500m
- Pricing
- 4.125% coupon; issued at 99.729%
- Maturity
- 2026-05-23
- Rating at issue
- AAA (index)
Recorded terms
- Structure
- Series 004 notes issued by STE TransCore Holdings, Inc. on 23 May 2023
- Lenders and arrangers
- DBS Bank, J.P. Morgan and Standard Chartered (joint global coordinators and joint lead managers); Crédit Agricole CIB, BofA Securities (Merrill Lynch Singapore), OCBC and Société Générale (joint lead managers)
- Country
- Singapore
Rating at issue
Rated AAA at issue on the index basis (middle of three agencies, lower of two), from the issuer's own release.
The Notes to be issued are expected to be rated “Aaa” by Moody’s
Ratings change over time; check the agencies for the current rating.
Parties
- ST Engineering borrower or issuer
- bookrunner/arranger: BofA Securities, J.P. Morgan, Credit Agricole CIB, Societe Generale, Standard Chartered, DBS Bank, OCBC
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More from ST Engineering
| Date | Financing | Type | Amount |
|---|---|---|---|
| 29 Apr 2025 | ST Engineering US$750m 4.250% notes due 2030 | Bond | US$750m |
| 5 May 2022 | ST Engineering US$1bn notes (3.375% 2027 and 3.75% 2032) | Bond | US$1bn |
| 22 Apr 2020 | ST Engineering US$750m 1.50% notes due 2025 | Bond | US$750m |
Sources
- SGX: STE TransCore Holdings, Inc. pricing supplement (Series 004), US$500m 4.125% notes due 2026 links.sgx.com · 16 May 2023
About this record
Record DEF-2023-0026, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
Senior notes are unsecured promises to pay, priced off government bonds; the prospectus sets the covenants, the change-of-control put and the redemption terms.
