loan-week-february-24march-2

Loan Week, February 24-March 2

A roundup of the latest syndicated loan market news.
Australia

John Fairfax GroupÆs A$668 million bridge loan has been completed on a club basis. The facility has a tenor of six months.

Mandated arrangers ANZ Bank and Commonwealth Bank of Australia each provided A$334 million.

China

China National Petroleum CorpÆs $1 billion 10 year term loan has been signed and allocations have been finalised. The funds will be used for acquisition purposes.

A group of 28 banks are participating in the facility. Mandated arrangers Calyon, Commonwealth Bank of Australia, ING Bank and Standard Chartered Bank committed $74 million apiece, Bank of China Hong Kong, Bank of Communications Hong Kong and Industrial and Commercial Bank of China Asia provided $44 million each...
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