Thursday, June 30, 2011

Singapore Telecommunications signs $2.66b loan due 2014

Singapore Telecommunications, Southeast Asia’s biggest phone company, signed a US$2.16 billion ($2.65 billion) loan which matures in June 2014, according to data compiled by Bloomberg.
Funds from the revolving credit facility will be used for general corporate purposes, the data show. Australia & New Zealand Banking Group, Bank of America Corp., Bank of Tokyo Mitsubishi UFJ, Citigroup Inc., DBS Group Holdings, Deutsche Bank AG, HSBC Holdings Plc, Mizuho Financial Group Inc., Oversea-Chinese Banking Corp., Standard Chartered Plc, Sumitomo Mitsui Banking Corp. and United Overseas Bank helped to arrange the facility, the data show.
 

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