Singtel secures $3b in bank credit for two subsidiaries

A Singtel executive passes a Singtel logo at their head office in Singapore April 8, 2015. REUTERS/Edgar Su/files

Singapore Telecommunications’ (Singtel) subsidiaries have secured close to $3 billion in bank credit facilities, it said on Friday.

The deals include S$3.45 billion ($2.4 billion) of facilities for Singtel Group Treasury and A$800 million ($510 million) for its Australian subsidiary Optus Finance. The funds will be used for refinancing and general purposes, Singtel said.

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