Loan week, May 23-29
A roundup of the latest syndicated loan market news.
Qantas AirwaysÆ $385 million equivalent 12-year aircraft financing was launched into general syndication last week via sole mandated lead arranger and bookrunner Bank of China Hong Kong.
The margin of the dual-currency facility is 75bp over Libor or BBSY and has a commitment fee of 30bp. The amortising credit features an average life of roughly 7.5 years.
Banks are welcome to come in at three levels. Lead arrangers committing $30 million or above get an upfront fee...
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