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Santos Announces Successfully Prices US$800m 10-year Reg-S Bond Offering

08 Sep 2017  |  09:00:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Santos successfully prices US$800m 10-yr Reg-S bond offering

Santos announced that it has priced a US$800m senior unsecured fixed rate bond transaction in the US Dollar Regulation S market. The bonds will be issued by Santos Finance a wholly owned subsidiary of the Company off the Company's Euro Medium Term Note Programme (EMTN Programme), dated 30 August 2017. The bonds will be guaranteed by the Company. The bonds have been priced at a fixed coupon of 4.125%, for a period of 10-years, maturing on 14 September 2027. The book was six times oversubscribed and received support from a mix of global asset managers and insurance companies from Asia, Australia and Europe. The use of proceeds from the bonds will include general corporate purposes and debt refinancing.

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