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SATS ( (SG:S58) ) has issued an announcement.
SATS Ltd. has announced the pricing of S$300,000,000 in 2.45% fixed rate notes due in 2032, under its US$3,000,000,000 multicurrency debt issuance program. The issuance, managed by DBS Bank Ltd. and Oversea-Chinese Banking Corporation Limited, aims to refinance existing borrowings and is expected to be listed on the Singapore Exchange. The notes have been rated ‘A3’ by Moody’s, indicating a stable credit outlook, and will be offered under specific exemptions in Singapore, potentially impacting the company’s financial strategy and market positioning.
The most recent analyst rating on (SG:S58) stock is a Buy with a S$4.37 price target. To see the full list of analyst forecasts on SATS stock, see the SG:S58 Stock Forecast page.
More about SATS
SATS Ltd. is a company involved in the multicurrency debt issuance industry, focusing on financial instruments such as fixed rate notes. The company is engaged in issuing debt securities to raise capital, with a market focus on institutional investors in Singapore and potentially other regions.
Average Trading Volume: 4,077,583
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$5.02B
For detailed information about S58 stock, go to TipRanks’ Stock Analysis page.