Babcock Brown InfrastructureÆs A$800 million equivalent dual tranche facility was launched into general syndication on January 21 via mandated leads and bookrunners ANZ, Commonwealth Bank of Australia, Dresdner Kleinwort and Royal Bank of Scotland.
The debt package comprises a $500 million three-year credit and a A$235 million five-year multi-currency portion. The margin is priced at 100bp over BBSY for the three-year tranche and 115bp over BBSY for the five-year loan.
The targeted closing date is set for February 5.
A A$1.6 billion four-year multi-tranche financing for Goodman Australian Industrial Fund was launched into general syndication on January 24 via mandated lead arrangers Commonwealth Bank of Australia and Westpac Banking Corp.