SGX Inks $3.7B Loan For ASX Offer

Singapore Exchange(SGX) has received long-term funding worth about $3.7 billion for its proposed deal to buyASX,The Wall Street Journalreports. It has secured two senior-term loan facilities worth about $3 billion and around $759 million.

The banks that offered the loan areAustralia & New Zealand Banking Group,DBS Bank,National Australia Bank,Oversea-Chinese Banking,Bank of Tokyo-Mitsubishi UFJandUnited Overseas Bank. In October, SGX had offered $8.3 billion for all the shares of ASX, the operator of theAustralian Securities Exchange.

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