Primary tabs

Singtel signs $4.1 bil worth of credit agreements in Singapore & Australia

Michelle Zhu Published on Fri, Apr 21, 2017 / 5:44 PM GMT+8

A-

A+

SINGAPORE (April 21): Singtel Group says its subsidiaries have entered into agreements for total credit facilities of approximately $4.1 billion in Singapore and Australia, for general corporate purposes and refinancing of existing facilities.

In Singapore, Singtel Group Treasury signed an agreement which is guaranteed by Singtel for a three-year $2.5 billion committed revolving facility with 12 banks including OCBC, Standard Chartered, DBS and UOB.

In Australia, Optus Finance, a subsidiary of Singtel’s wholly-owned subsidiary Singtel Optus, have signed a three-year A$1.5 billion ($1.6 billion) committed revolving facility agreement with 15 banks involving the likes of Societe Generale, Westpac Banking Corporation. T