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Singtel Group signs agreements for S$3.7 billion of credit facilities with international banks

Singtel Group signs agreements for S$3.7 billion of credit facilities with international banks

Singapore, 30 June 2011 – Singapore Telecommunications Limited (Singtel) today announced its subsidiaries entered into agreements for total credit facilities of approximately S$3.7 billion for general corporate purposes and to refinance existing facilities.

In Singapore, Singtel’s Singtel Group Treasury Pte Ltd., signed the agreement for a three-year S$2.16 billion committed revolving credit facility with 12 banks, comprising Australia and New Zealand Banking Group Limited, Bank of America, N.A., The Bank of Tokyo-Mitsubishi UFJ, Ltd., Citibank N.A., Deutsche Bank AG,  DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited, Mizuho Corporate 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 12 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, Citibank, N.A., Sydney Branch, Commonwealth Bank of Australia, The HongKong and Shanghai Banking Corporation, Sydney Branch, JP Morgan Chase Bank, NA., Mizuho Corporate Bank, Ltd., Oversea-Chinese Banking Corporation Limited and Westpac Banking Corporation. This facility is guaranteed by Optus and certain of its subsidiaries.

Ms Jeann Low, Singtel’s Group Chief Financial Officer, said: “The Singtel Group appreciates and is very pleased with the level of support from our bankers, both in Singapore and Australia.”

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