SGX has received commitments comprising two senior-term loan facilities worth about $3bn and about $759m from well-established banks – Australia and New Zealand Banking Group, The Bank of Tokyo-Mitsubishi UFJ, Singapore Branch, DBS Bank, Oversea-Chinese Banking, United Overseas Bank and National Australia Bank.
The term loans are in tranches with tenors of three years and five years.
Australia and New Zealand Banking Group has been appointed as the coordinator in relation to these term loans.
Singapore Exchange CEO Magnus Bocker said SGX thank the six banks for their confidence in the proposed combination and their support towards creating the leading Asia Pacific exchange.
"This transaction has attracted significant interest from the loans market and we are pleased to have achieved competitive pricing consistent with our good credit standing," Bocker said.
In October last year, SGX announced an $8.3bn offer for all the shares of ASX, in a deal that would create one of the world’s largest listed exchange operators.
The merged entity is expected to have access to a combined $1.9 trillion market that could pose a threat to major Asian rivals in Hong Kong and Tokyo.
SGX is currently holding negotiations with various regulatory bodies about its proposed merger with ASX.
