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Sembcorp Industries ( (SG:U96) ) just unveiled an update.
Sembcorp Industries Ltd announced that its subsidiary, Sembcorp Financial Services Pte. Ltd., has successfully priced S$300 million in fixed rate guaranteed notes due 2046 under its S$5 billion Euro Medium Term Note Programme. This issuance marks the longest-tenured unrated corporate bonds by a Singapore company recently and was nearly seven times oversubscribed, reflecting strong investor confidence. The proceeds will be used for general corporate purposes and working capital requirements of Sembcorp and its subsidiaries, with the payment obligations guaranteed by Sembcorp Industries.
The most recent analyst rating on (SG:U96) stock is a Buy with a S$6.95 price target. To see the full list of analyst forecasts on Sembcorp Industries stock, see the SG:U96 Stock Forecast page.
More about Sembcorp Industries
Sembcorp Industries Ltd is a Singapore-based company operating in the utilities and energy sector. It provides sustainable solutions across the energy and urban sectors, focusing on renewable energy, water management, and urban development.
Average Trading Volume: 3,553,941
Technical Sentiment Signal: Buy
Current Market Cap: S$12.46B
For detailed information about U96 stock, go to TipRanks’ Stock Analysis page.