Issue of S$330 million 5.50% subordinated perpetual securities by Singapore Technologies Telemedia Pte Ltd
Allen & Gledhill, as transaction counsel, advised DBS Bank Ltd. (“DBS”) and United Overseas Bank Limited (“UOB”), who were appointed the joint lead managers and joint bookrunners, on the issue of S$300 million 5.50% subordinated perpetual securities (“Original Securities”) by Singapore Technologies Telemedia Pte Ltd under its S$3 billion multicurrency debt issuance programme (“Programme”).
Allen & Gledhill also advised The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch (“HSBC”), who was appointed dealer, on the issue of S$30 million 5.50% subordinated perpetual securities under the Programme, to be consolidated and form a single series with the Original Securities.
Advising DBS, UOB and HSBC were Allen & Gledhill Partners Ong Kangxin and Sunit Chhabra.
