http://www.bernama.com.my/bernama/v3/news_world.php?id=400269
SingTel Obtains S$1.08 Billion Loan
SINGAPORE, March 30 (Bernama) -- Singapore Telecommunications Ltd (SingTel) today announced that it has obtained S$1.08 billion in loans from several international banks to refinance its existing facilities and operations.
SingTel, through its wholly owned subsidiary SingTel Group Treasury Pte Ltd, entered into an agreement for a three-year term loan facility with the Bank of Tokyo-Mitsubishi UFJ Ltd, DBS Bank Ltd, Oversea-Chinese Banking Corporation Ltd, United Overseas Bank Ltd, Calyon, Citibank N.A. and The Hongkong and Shanghai Banking Corporation Ltd.
In a statement, SingTel's group chief financial officer Jeann Low said the loan would meet the group's refinancing requirements for the next financial year ending March 31 next year.
SingTel has an A+ rating from Standard & Poor's and an Aa2 from Moody's Investors Service.
For the nine months ended Dec 31, 2008, SingTel Group generated free cash flow after capital expenditure of about S$2.3 billion.
Net debt as at Dec 31, 2008, was S$6.6 billion, which represented a net debt-gearing ratio of 25.5 percent.
The transaction had no material impact on the earnings per share or the net tangible assets of SingTel for the current financial year, the company said.
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SingTel Obtains S$1.08 Billion Loan
SINGAPORE, March 30 (Bernama) -- Singapore Telecommunications Ltd (SingTel) today announced that it has obtained S$1.08 billion in loans from several international banks to refinance its existing facilities and operations.
SingTel, through its wholly owned subsidiary SingTel Group Treasury Pte Ltd, entered into an agreement for a three-year term loan facility with the Bank of Tokyo-Mitsubishi UFJ Ltd, DBS Bank Ltd, Oversea-Chinese Banking Corporation Ltd, United Overseas Bank Ltd, Calyon, Citibank N.A. and The Hongkong and Shanghai Banking Corporation Ltd.
In a statement, SingTel's group chief financial officer Jeann Low said the loan would meet the group's refinancing requirements for the next financial year ending March 31 next year.
SingTel has an A+ rating from Standard & Poor's and an Aa2 from Moody's Investors Service.
For the nine months ended Dec 31, 2008, SingTel Group generated free cash flow after capital expenditure of about S$2.3 billion.
Net debt as at Dec 31, 2008, was S$6.6 billion, which represented a net debt-gearing ratio of 25.5 percent.
The transaction had no material impact on the earnings per share or the net tangible assets of SingTel for the current financial year, the company said.
---------------------------------------------------------
Other news at Singapore News Alternative:
1. Health Minister Khaw urges obese workers to trim the fat
2. Spore premier says new blood need in cabinet
3. Spore PM: Core of 4th generation not fully assembled
4. Solar energy in Spore quickly loses its shine
5. Singapore group to build tourist resort with golf course in East Timor
6. Spore promote food companies in Europe, US
7. China's IT muscle stronger than India
8. Banned Spore film hits 40k views on internet
9. Singapore May Devalue Currency in April, Survey Shows
10. Spore church pay princely sum to leader
11. Migrants take hit in Singapore recession but more kept coming
12. Singapore PM calls for unity to tackle economic crisis
13. Indian travel agent associations to send 100k email to PM Lee
14. Singapore to consider raising foreign workers' health insurance
15. Changi Airport announces four airlines to operate from Terminal 2
16. Tamil Nadu Teachers' Education University (TNTEU), signs MoUs with Singapore University
17. The Fault Lines Emerge
18. $1 million disappear mysteriously on way to Singapore
.
