Singapore Telecommunications SingTel returned to the international bond markets for the first time in three years on Tuesday with a $500 million deal that was timed to take advantage of a brief respite from the volatility generated by Greece's debt negotiations.
The deal hit a sweet spot in the market, not only because of its timing but also because it had a 10-year tenor the point of the curve where sales desks were reporting the most buying activity in the secondary market on Tuesday.
Under the lead of Citi, HSBC, Mizuho and Morgan Stanley, Aa3A rated SingTel priced a $500 million...
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