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The latest announcement is out from SATS ( (SG:S58) ).
SATS Ltd. announced that its subsidiary, World Flight Services, Inc., has issued US$100,000,000 in fixed rate notes due in 2028 as part of its US$3,000,000,000 multicurrency debt issuance programme. This move, guaranteed by SATS Ltd., is aimed at strengthening its financial position and supporting its strategic initiatives. DBS Bank Ltd. and Industrial and Commercial Bank of China Limited, Singapore Branch, are involved in the issuance as lead manager and co-manager, respectively.
More about SATS
SATS Ltd. is a Singapore-based company primarily operating in the aviation services industry. It provides gateway services and food solutions, focusing on enhancing the travel experience and operational efficiency at airports.
YTD Price Performance: -24.39%
Technical Sentiment Signal: Strong Buy
Current Market Cap: $3.17B
For detailed information about S58 stock, go to TipRanks’ Stock Analysis page.