SATS Ltd. Prices S$300 Million Fixed Rate Notes Due 2032
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SATS Ltd. has priced S$300 million in 2.45% fixed rate notes due in 2032 under its US$3 billion multicurrency debt issuance program. Managed by DBS Bank and Oversea-Chinese Banking Corporation, the issuance aims to refinance existing borrowings and is expected to be listed on the Singapore Exchange. The notes are rated ‘A3’ by Moody’s, indicating a stable outlook. The latest analyst rating for SATS stock is a Buy with a price target of S$4.37.
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