Gerv Tacadena
,
Singapore
It would be for general corporate purposes.
Singapore Telecommunications announced that its subsidiaries entered into several agreements for total credit facilities of approximately $4.1b for general corporate purposes and refinancing of existing facilities.
Singtel Group Treasury signed a three-year $2.5b committed revolving credit facility with 12 banks including UOB, HSBC, and OCBC.
Meanwhile, Optus Finance in Australia signed a three-year A$1.5b committed revolving facility agreement with 15 banks including DBS, Standard Chartered, and Mizuho Bank.
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