Singtel signs S$1.5 billion credit facility from diverse lender pool

[SINGAPORE] Singtel said on Friday (May 29) that its treasury unit signed a S$1.5 billion credit facility agreement with 11 banks.

Singtel Group Treasury signed the three-year committed revolving credit facility with lenders including the Singapore branches of ANZ, Bank of America, Industrial and Commercial Bank of China, Standard Chartered, Westpac and HSBC, and local majors OCBC and UOB.

The agreement comes as Singtel shuffles around capital, having laid out a S$3 billion capital spending plan for 2027, of which S$1.2 billion would be allocated to data centres and artificial intelligence-related purposes.

Earlier this month, the group said it was also looking to sell a minority stake in Australian unit Optus. REUTERS