SG Morning Call｜Singtel’s Optus Secures A$1.95 Billion In Credit Facility With 12 Banks

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Singapore stocks opened higher on Friday. STI rose 1.3%, Singtel up 1.8%, DBS up 2%, OCBC up 1.8%.

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Singtel: The telecommunications giant’s Australian subsidiary, Optus, has signed a A$1.95 billion (S$1.64 billion) committed revolving credit facility with 12 banks. The facility will be used to refinance the company’s existing credit facilities, as well as for other general corporate purposes, said Singtel on Friday. Shares of Singtel closed 1.9 per cent or S$0.06 higher at S$3.26 on Tuesday.

SG Local News

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