Davis Polk advised the joint lead managers on a Rule 144A/Regulation S offering by SP Group Treasury Pte. Ltd. of $600 million aggregate principal amount of 3.375% notes due 2029 under its S$10 billion global medium-term notes program. The notes are guaranteed by Singapore Power Limited and have been assigned a credit rating of “Aa2” by Moody’s.

Singapore Power Limited is a leading energy utility company in Asia Pacific, and is wholly owned by Temasek Holdings (Private) Limited. SP Group Treasury Pte. Ltd. is a wholly owned subsidiary of Singapore Power Limited.

The Davis Polk corporate team included partner James C. Lin, counsel Faisal Baloch, associate Lydia Leung and registered foreign lawyer Tae-Hun Kim. Counsel Alon Gurfinkel and associate Veronica Davis provided tax advice. Members of the Davis Polk team are based in the Hong Kong and London offices.

Copy link to share post