SingTel signs S$1bn loan as banks step up for core clients

Singapore Telecommunications signed a S$1.08bn ($713.3m) loan with seven banks on Tuesday, sealing one of the biggest deals in the Asian loan market since the collapse of Lehman Brothers in September.

  • 02 Apr 2009

Bank of Tokyo-Mitsubishi UFJ, DBS Bank, Oversea Chinese Banking Corp, United Overseas Bank, Calyon, Citi and HSBC committed to the three year term loan, which was self-arranged by SingTel and closed as a club loan. It pays all-in margins of 160bp-170bp over Sibor, bankers said.

"SingTel appreciated and ...

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