Bloomberg.com, 14 Nov 2008, Chen Shiyin
Nov. 14 (Bloomberg) -- Singapore Telecommunications Ltd., Southeast Asia's largest phone company, obtained loans of about S$1.075 billion ($711 million) from banks in Singapore and Australia to refinance debt and for working capital.
The company agreed to a five-year, S$350 million credit facility with Bank of Tokyo-Mitsubishi UFJ Ltd., DBS Group Holdings Ltd. and Oversea-Chinese Banking Corp, Singapore Telecom said today. Sydney-based unit SingTel Optus Pty agreed to a separate A$725 million ($479 million) facility with five banks, the company known as SingTel said.
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