Singtel Group inks agreements for S$4.1 billion of credit facilities with international banks
Singapore, 21 April 2017 – Singapore Telecommunications Limited (Singtel) today announced that its subsidiaries entered into agreements for total credit facilities of approximately S$4.1 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$2.5 billion committed revolving credit facility with 12 banks, comprising Australia and New Zealand Banking Group Limited, Bank of America, N.A., Singapore Branch, BNP Paribas, The Bank of Tokyo-Mitsubishi UFJ, Ltd., Citibank N.A.,Singapore Branch, DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch, Mizuho Bank, Ltd., Oversea-Chinese Banking Corporation Limited, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation Singapore Branch, 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$1.5 billion committed revolving facility agreement with 15 banks, comprising Australia and New Zealand Banking Group Limited, Bank of America, N.A., Australian Branch, Bank of China, Sydney Branch, The Bank of Tokyo-Mitsubishi UFJ, Ltd., BNP Paribas, Sydney Branch, Citibank, N.A., Sydney Branch, Commonwealth Bank of Australia, DBS Bank Ltd., Australian Branch, The Hongkong and Shanghai Banking Corporation, Sydney Branch, Mizuho Bank, Ltd., Oversea-Chinese Banking Corporation Limited, Sydney Branch, Standard Chartered Bank, Singapore Branch, Sumitomo Mitsui Banking Corporation, Sydney Branch, Societe Generale, Singapore Branch, and Westpac Banking Corporation. This facility is guaranteed by Optus and certain of its subsidiaries.
Ms Lim Cheng Cheng, Singtel Group Chief Financial Officer, said, “The Singtel Group is very pleased with the level of support demonstrated by our bankers in Singapore and Australia, which reflects their confidence in the Singtel Group’s credit quality and business fundamentals.”