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SingTel has secured S$1.075 billion in financing from a group of Asian banks.

December 15, 2008

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. SingTel has also signed a 3.5-year revolving credit facility with a consortium 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.

 
 

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