SingTel signs agreement for S$1.08b credit facilities with international banks
By Rachel Kelly, Channel NewsAsia | Posted: 30 March 2009 1343 hrs
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SINGAPORE: Singapore Telecommunications (SingTel) has entered into an agreement for credit facilities of S$1.08 billion.
SingTel said Monday the funds will be used to refinance existing facilities and for general working capital.
The telco inked the three-year term loan facilities with international banks through its wholly owned subsidiary SingTel Group Treasury.
Banks involved include Bank of Tokyo-Mitsubishi UFJ, Caylon, Citibank, HSBC, and Singapore's UOB, DBS and OCBC.
Ms Jeann Low, SingTels Group Chief Financial Officer said the committed facility "will meet the Group's refinancing requirements for the next financial year ending 31 March 2010."
SingTel said that it does not expect any of these transactions to have a material impact on earnings per share or net tangible assets for the current financial year.
Last November, SingTel announced agreements with banks in Australia and Singapore for S$1.075 billion.
By Rachel Kelly, Channel NewsAsia | Posted: 30 March 2009 1343 hrs
Photos 1 of 1
SINGAPORE: Singapore Telecommunications (SingTel) has entered into an agreement for credit facilities of S$1.08 billion.
SingTel said Monday the funds will be used to refinance existing facilities and for general working capital.
The telco inked the three-year term loan facilities with international banks through its wholly owned subsidiary SingTel Group Treasury.
Banks involved include Bank of Tokyo-Mitsubishi UFJ, Caylon, Citibank, HSBC, and Singapore's UOB, DBS and OCBC.
Ms Jeann Low, SingTels Group Chief Financial Officer said the committed facility "will meet the Group's refinancing requirements for the next financial year ending 31 March 2010."
SingTel said that it does not expect any of these transactions to have a material impact on earnings per share or net tangible assets for the current financial year.
Last November, SingTel announced agreements with banks in Australia and Singapore for S$1.075 billion.
