Singtel Group inks agreements for S$3.5 billion of credit facilities with international banks
Singapore, 22 April 2014 – Singapore Telecommunications Limited (Singtel) today announced that its subsidiaries entered into agreements for total credit facilities of approximately S$3.5 billion for general corporate purposes and refinancing of existing facilities.
In Singapore, Singtel Group Treasury Pte. Ltd., a subsidiary of Singtel, signed the agreement for a three-year S$2.1 billion committed revolving credit facility with 12 banks, comprising Bank of America, N.A., The Bank of Tokyo-Mitsubishi UFJ, Ltd., Citibank N.A., Credit Agricole Corporate and Investment Bank, Deutsche Bank AG, DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited, Mizuho Bank, Ltd., Oversea-Chinese Banking Corporation Limited, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation and United Overseas Bank Limited. This facility is guaranteed by Singtel.
In Australia, Optus Finance Pty Ltd, a subsidiary of Singtel Optus Pty Limited (Optus), signed a three-year A$1.2 billion committed revolving facility agreement with 11 banks, comprising Australia and New Zealand Banking Group Limited, Bank of America, N.A., Barclays Bank PLC, The Bank of Tokyo-Mitsubishi UFJ, Ltd., BNP Paribas, Sydney Branch, Citibank, N.A., Sydney Branch, Commonwealth Bank of Australia, The Hongkong and Shanghai Banking Corporation, JPMorgan Chase Bank, N.A., Mizuho Bank, Ltd., and Westpac Banking Corporation. This facility is guaranteed by Optus and certain of its subsidiaries.
Ms Jeann Low, Singtel Group Chief Financial Officer, said, “The Singtel Group appreciates and is very pleased with the level of support and confidence demonstrated by our bankers in Singapore and Australia.”