Oversea-Chinese Banking Corp. and Morgan Stanley will manage the program, which may lead to sales of senior or subordinated, fixed- or floating-rate notes, according to a statement to the Singapore stock exchange today.
Singapore Telecommunications says wholly-owned subsidiary, SingTel Group Treasury Pte., today established a $10-billion guaranteed euro medium term note (EMTN) programme. SingTel will guarantee the notes.
Rating agencies Moody’s Investors Service and Standard & Poor’s have assigned ratings of Aa2 and A+ respectively to the EMTN programme, in line with SingTel’s current long term ratings.
The Hongkong and Shanghai Banking Corporation and Morgan Stanley Asia (Singapore) are the arrangers and dealers for the EMTN programme.
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Democratic Party of Serbia officials have criticized the protocol between EULEX and Serbia because it “establishes a border line between Serbia and Kosovo.†“The Serbian government should not have done this under any circumstances. The effect of this kind of policy is the betrayal of Serbia’s national interests,†DSS deputy leader Slobodan Samardžić told a press conference.
