SingTel subsidiary brings syndicated loan to market

Citibank arranges $700 million deal for C2C, the entity building a 17,000 km broadband pipeline across Asia.

In the past week, Citibank along with three joint coordinating arrangers ù Sumitomo Bank, Bayerische Landesbank and China's ICBC ù have been selling a $700 million project financing for SingTel spin-off, C2C.

C2C was formed in July 2000 to develop a 17,000-kilometer undersea cable network to provide a city-to-city broadband Internet service linking China, Hong Kong, Korea, Japan, the Philippines and Taiwan. Construction of the project is due to be completed by the end of this year and the...

To continue reading, please login or register for free

Click for more on: singtel | subsidiary | brings | syndicated | loan | market

Print Edition

FinanceAsia Print Edition


  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...