SATS (SGX:S58) subsidiary World Flight Services launched and priced $100.0 million worth of 4.648% fixed rate bonds due June 23, 2030, under its $3 billion multicurrency debt issuance program, according to a late Wednesday filing with the Singapore Exchange.
MUFG Securities EMEA has been appointed as the sole coordinator for the Series 003 bonds, which are expected to be issued June 23.
Net proceeds from the issue will be used for refinancing of existing borrowings.
Shares of the company were down nearly 1% in recent trading.
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