Issue of S$350 million subordinated perpetual securities by Singapore Technologies Telemedia Pte Ltd under its S$2 billion multicurrency debt issuance programme

A&G News 28 January 2019

Allen & Gledhill advised Singapore Technologies Telemedia Pte Ltd. (“STT”), DBS Bank Ltd. (“DBS”) and United Overseas Bank Limited (“UOB”) on the issue of the S$350 million 5.00 per cent. subordinated perpetual securities under a S$2 billion multicurrency debt issuance programme by STT.

DBS and UOB were appointed joint lead managers and bookrunners.

Advising STT as to Singapore law was Allen & Gledhill Partner Margaret Chin.

Advising DBS and UOB as to Singapore law were Allen & Gledhill Partners Ong Kangxin and Fabian Tan.

Advising STT, DBS and UOB on Singapore tax issues was Allen & Gledhill Partner Sunit Chhabra.