Singtel units secure $4.17b in credit facilities
One of its subsidiaries signed a three-year $2.5b revolving credit with 13 banks.
Singtel’s wholly-owned subsidiaries have entered into agreements for credit facilities totalling $4.17b, to be used for general corporate purposes and refinancing of existing facilities, according to a press release.
Its subsidiary Singtel Group Treasury signed the agreement for a three-year $2.5b committed revolving credit facility with ANZ Banking Group, DBS, Mizuho Bank, MUFG Bank, OCBC, Standard Chartered Bank (Singapore), UOB and the Singapore branches of Bank of America, BOC, Citibank, HSBC, Societe Generale, Sumitomo Mitsui Banking Corporation.
In addition, the treasury has inked agreements of one-year committed facilities totalling $950m with a group of banks. The facilities are guaranteed by Singtel.
In Australia, Optus Finance, a subsidiary of Singtel Optus, entered into 364-day committed facilities totalling $731.75m (A$800m) with a group of banks, which are guaranteed by Optus and certain of its subsidiaries.