loan-week-april-1117

Loan week, April 11-17

A roundup of the latest syndicated loan market news.
Australia

A $285 million 10-year financing for Allco Asset Finance has been completed via bookrunners BNP Paribas Singapore Branch and HSH Nordbank Singapore Branch.

Syndication saw Industrial Commercial Bank of China joining in as equal-status arranger.

Proceeds are to support the purchase of aircraft.

China

Leads ICBC Asia, ING Bank, Rabobank, RBS and WestLB have launched a $248.3 million equivalent multi-tranche facility for Asia Timber Products, an SPV for Plantation Timber Products Group, into senior and general syndication.

The dual currency loan comprises an $80 million five-year financing, a $116.5 million six-year credit, a Rmb252 million six-year portion and a Rmb108 million five-year bullet. The dollar portions feature spreads of 275bp and...
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