ST Engineering US$750m 1.50% notes due 2025
Lengthen the group's debt tenor and optimise its short-term to long-term debt mix
Key terms
- Borrower or issuer
- ST Engineering
- Date
- 22 Apr 2020
- Type
- Bond
- Amount
- US$750m
- Pricing
- 1.50% coupon
- Maturity
- 2025-04-29
- Rating at issue
- AAA (index)
Recorded terms
- Structure
- Five-year notes issued by ST Engineering RHQ Ltd. on 29 April 2020, the first issue under the new S$5bn programme
- 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 have been rated "AAA" by Standard & Poor's Ratings Services
Ratings change over time; check the agencies for the current rating.
Parties
- ST Engineering borrower or issuer
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 13 Apr 2020 | TransDigm US$400m add-on to its 6.25% senior secured notes due 2026 | Bond | US$400m |
| 8 Apr 2020 | BAE Systems US$1.3bn 3.400% notes due 2030 | Bond | US$1.3bn |
| 7 May 2020 | Thales €700m 1% bond due 2028 | Bond | €700m |
| 12 May 2020 | Leidos US$1,750m senior notes (3 tranches) | Bond | US$1.75bn |
| 2 Apr 2020 | TransDigm US$1.1bn 8.00% senior secured notes due 2025 | Bond | US$1.1bn |
More from ST Engineering
| Date | Financing | Type | Amount |
|---|---|---|---|
| 29 Apr 2025 | ST Engineering US$750m 4.250% notes due 2030 | Bond | US$750m |
| 16 May 2023 | ST Engineering US$500m 4.125% notes due 2026 | Bond | US$500m |
| 5 May 2022 | ST Engineering US$1bn notes (3.375% 2027 and 3.75% 2032) | Bond | US$1bn |
Sources
- ST Engineering: ST Engineering RHQ Ltd. to issue US$750,000,000 1.50% Notes due 2025 stengg.com · 22 Apr 2020
About this record
Record DEF-2020-0035, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
