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-Standard Chartered Bank, OCBC handle SBS Transit MTN sale.

BANKING AND CREDIT NEWS-October 22, 2010--Standard Chartered Bank, OCBC handle SBS Transit MTN sale(C)2010 M2 COMMUNICATIONS

22 October 2010 - Standard Chartered Bank and OCBC have been hired lead managers for Singaporean public transport services provider SBS Transit Ltd's (SIN:S61) forthcoming SGD100m (USD76.8m/EUR55.2m) medium-term note (MTN) issue, Reuters reported.

The MTN will be placed on 26 October 2010.

The security bears a fixed coupon of 1.95%, which will be paid on a semi-annual basis starting 26 April 2011. The debt is scheduled to mature on 26 October 2015.

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Publication:M2 Banking & Credit News (BCN)
Date:Oct 22, 2010
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