Stock to watch: Singtel

THE following companies saw new developments that may affect trading of their securities on Friday (Jan 31):

Singtel: The telecommunications giant’s Australian subsidiary, Optus, has signed a A$1.95 billion (S$1.64 billion) committed revolving credit facility with 12 banks. The facility will be used to refinance the company’s existing credit facilities, as well as for other general corporate purposes, said Singtel on Friday. Shares of Singtel closed 1.9 per cent or S$0.06 higher at S$3.26 on Tuesday.