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ST Engineering ( (SG:S63) ) has issued an announcement.
ST Engineering has announced the pricing of US$750 million in 4.250% Notes due in 2030 through its subsidiary, ST Engineering RHQ Ltd. The proceeds from this issuance will be used to refinance existing borrowings, and the Notes will be offered to institutional and accredited investors in Singapore. This strategic move is expected to enhance the company’s financial flexibility and strengthen its market position.
More about ST Engineering
ST Engineering is a global technology, defense, and engineering group specializing in the aerospace, electronics, land systems, and marine sectors. The company focuses on providing innovative solutions and services to both commercial and government clients worldwide.
YTD Price Performance: 74.49%
Average Trading Volume: 4,573
Technical Sentiment Signal: Sell
Current Market Cap: $17.5B
For a thorough assessment of S63 stock, go to TipRanks’ Stock Analysis page.