Singtel signs $1.2 billion credit facility from diverse lender pool

Singapore Telecommunications

29/05/2026 11:05

    May 29 (Reuters) - Singapore Telecommunications STEL.SI said on Friday that its treasury unit signed a S$1.5 billion ($1.17 billion) credit facility agreement with 11 banks.

Here are the details:
Singtel Group Treasury signed the three-year committed revolving credit facility with lenders including the Singapore branches of ANZ, Bank of America, ICBC, Standard Chartered, Westpac, HSBC, and local majors Oversea-Chinese Banking Corp and United Overseas Bank.
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 AI-related purposes.
Earlier this month, the group said it was also looking to sell a minority stake in Australian unit Optus.    

($1 = 1.2776 Singapore dollars)

 (Reporting by Nichiket Sunil in Bengaluru; Editing by Vijay Kishore)
 ((Nichiket.Sunil@thomsonreuters.com;))