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REFILE-UPDATE 1-SingTel gets S$1.075 bln in bank financing

Thu Nov 13, 2008 6:48pm EST

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SINGAPORE, Nov 14 (Reuters) - Singapore Telecommunications (STEL.SI) said on Friday it has signed agreements for S$1.075 billion ($707.2 million) in bank credit facilities to refinance existing loans and for working capital.

The first loan is a S$350 million facility with Bank of Tokyo-Mitsubishi UFJ, DBS Bank (DBSM.SI) and Oversea-Chinese Banking Corp (OCBC.SI) that will mature in November 2013.

The other is a A$725 million ($461.2 million) 3.5-year syndicated revolving credit facility with Australia & New Zealand Banking Group (ANZ.AX>, Bank of Tokyo-Mitsubishi UFJ, Citibank (C.N), Commonwealth Bank of Australia (CBA.AX) and Westpac Banking Corp (WBC.AX) that will mature in April 2012.

The transaction has no material impact on the earnings per share or the net tangible assets in the current financial year ending March 2009, SingTel said in a statement.

SingTel, Southeast Asia's largest telephone firm, owns Optus in Australia as well as stakes in several mobile phone companies across the region.

(Reporting by Kevin Lim)

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