Qantas looks for loyalty through syndicated loan

Qantas embarks on a bank "relationship defining deal" with a A$1.4 billion syndicated loan offer to global investors.

It has been confirmed that Qantas Airways has mandated Barclays Capital, Citibank, Commonwealth Bank of Australia and JP Morgan to arrange a A$1.4 billion multi-tranche facility.

Though not concretely set, the first tranche is likely to be a A$700 million stand-by facility split into maturities of one, three and five years. The second A$700 million tranche will likely be a 364 day term loan with a four-year term out. The pricing is rumored to be all...

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