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Optus has secured a $1.3 billion credit facility with 11 banks, including one from China, but hasn’t specified what it plans to do with the moola, apart from saying it’s for “general corporate purposes”.

The agreement is for a three-year $1.2 billion revolving facility with banks that include Westpac, ANZ and the Commonwealth Bank.

Also involved are the Bank of America, Barclays, Bank of Tokyo-Mitsubishi, BNP Paribas, Citibank, HSBC, JP Morgan Chase, Mizuho – and the Oversea-Chinese Banking Corporation.

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