SingTel obtains S$1.075 billion loan (Singapore)
December 15, 2008
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Singapore Telecommunications (SingTel) has secured S$1.075 billion in financing from a group of Asian banks. The operator has signed a five-year S$350 million credit facility with a consortium of banks including the Bank of Tokyo-Mitsubishi, DBS Bank and Oversea-Chinese Banking Corporation. In addition, SingTel has signed a 3.5-year revolving credit facility with a consortium of banks that includes the ANZ Banking Group, the Bank of Tokyo-Mitsubishi, Citibank, Commonwealth Bank and Westpac. SingTel will use the credit facility to refinance its existing loan facilities and for general working capital purposes.
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