SINGAPORE, March 9 (Reuters) - At least six banks are keen in joining a treasury arm of Singapore Telecommunications <STEL.SI> in a self-arranged S$650 million ($421 million) three-year bullet loan, a Reuters publication, basis point, reported on Monday.
The six for the SingTel Group Treasury Pte's loan are Bank of Tokyo-Mitsubishi UFJ <8306.T>, Calyon <CAGR.PA>, DBS Bank <DBSM.SI>, HSBC <0005.HK>, OCBC Bank <OCBC.SI> and UOB <UOBH.SI>.
Banks are being offered an all-in of 170 basis points for commitments of S$100 million or more, or an all-in of 165 basis points for commitments of less than S$100 million, it said.
The borrower may raise the loan to S$1 billion depending on the demand and hopes to draw it by the end of March, it said.
