SingTel's runaway success

With $17.2 billion in demand and 656 investors, SingTel marches into the record books.

Jackie Horne

November 15, 2001

Priced in London and New York last night (Thursday), a $2.29 billion global bond for Singapore Telecommunications has set a new Asian benchmark and stands second to the Republic of Korea's $4 billion deal as the largest on record from the region. Both deals were lead managed by Goldman Sachs and Salomon Smith Barney and bankers from each have been quick to draw parallels between the two.

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