StarHub to mandate loan

Singapore''s second biggest telco wants to raise up to S$1.7 billion in a new syndicated loan.

In what will be an interesting benchmark for the telco sector, Singapore's second biggest telecoms company, StarHub wants to raise S$1.7 billion $942.6 million from the loan market. As one banker commented This is a very big loan by Singapore standards.

StarHub has sent out a request for proposals and has set a deadline of April 30, for receiving them. Two consortia are believed to be front runners to win the mandate. One centres around BNP Paribas, Citibank, HSBC, OCBC and UOB the other around ABN AMRO and DBS.

Bankers say the deal has rarity value as one of the few non-property loans to emerge from Singapore. However, this is...

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