A&G News 8 June 2020
Allen & Gledhill advised Australia and New Zealand Banking Group Limited, Bank of America, N.A., Singapore Branch, Bank of China Limited, Singapore Branch, Citibank N.A., Singapore Branch, DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch, Mizuho Bank, Ltd., MUFG Bank, Ltd., Oversea-Chinese Banking Corporation Limited, Societe Generale, Singapore Branch, Standard Chartered Bank (Singapore) Limited, Sumitomo Mitsui Banking Corporation Singapore Branch, and United Overseas Bank Limited (collectively, the “Banks”) on the S$2.5 billion committed revolving credit facility (the “Facility”) to Singtel Group Treasury Pte. Ltd., a subsidiary of Singtel Telecommunications Limited (“Singtel”).
The Facility is guaranteed by Singtel.
The proceeds of the Facility are to be applied towards refinancing of existing facilities and for general corporate purposes.
Advising the Banks was Allen & Gledhill Partner Mark Hudspeth.