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Selling stakes in Thai assets can be right call for Singtel


The Straits Times
If telco takes up offer, money can fund 5G drive and boost free cash flow, says Fitch
https://str.sg/JFkz
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Singtel returns to home market with first perp


By Morgan Davis
09.45 AM
Singapore Telecommunications (Singtel) sold a subordinated perpetual bond in the Singapore dollar market this week, marking its return to the currency after more than a decade, as well as its first perp.
The A1/A rated company raised S$1bn ($746.6m) from its subordinated perpetual trade on Wednesday. The structure of the notes, S&P-compliant with a staggered step-up for equity treatment, was the first of its kind in the Singapore dollar market.While Singtel has sold a smattering of dollar bonds
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