Loan week, May 8-14

A roundup of the latest syndicated loan market news.


BlueScope Steel Finance's A$1.3 billion transaction was signed on May 5 via mandated lead arrangers ANZ, Commonwealth Bank of Australia, Credit Suisse and Westpac. General syndication is expected to be launched within a fortnight.

The loan is split into two revolvers comprising a A$200 million two-year tranche and a A$1.1 billion three-year portion priced at 330bp and 350bp over the Australian Domestic Bill Rate ADBR respectively.

The deal is guaranteed by BlueScope Steel and proceeds...

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