SGX says it has secured term loans of $3.8 billion and A$750 million ($952 million) for long-term financing facilities for the proposed ASX-SGX combination announced on 25 October 2010.

The funding comprises to be made available by Australia and New Zealand Banking Group, The Bank of Tokyo- Mitsubishi UFJ, Singapore Branch, DBS Bank, Oversea-Chinese Banking Corporation, United Overseas Bank and National Australia Bank.

The term loans are in tranches with tenors of three years and five years. The interest payable for the S$ term loan will be based on Singapore dollar swap offer rate plus a margin of 0.55% per annum for the 3-year tranche and 0.72% per annum for the 5-year tranche.

The interest for the A$ term loan is based on the relevant Australian bank bill swap bid rate plus a margin of 0.75% per annum for the 3-year tranche and 1.01% per annum for the 5-year tranche.