loan-week-may-2329

Loan week, May 23-29

A roundup of the latest syndicated loan market news.
Australia

Qantas AirwaysÆ $385 million equivalent 12-year aircraft financing was launched into general syndication last week via sole mandated lead arranger and bookrunner Bank of China Hong Kong.

The margin of the dual-currency facility is 75bp over Libor or BBSY and has a commitment fee of 30bp. The amortising credit features an average life of roughly 7.5 years.

Banks are welcome to come in at three levels. Lead arrangers committing $30 million or above get an upfront fee of 52.5bp, lead managers lending $20 million to $29 million gain 37.5bp, and managers giving $10 million to $19 million take 22.5bp.

Proceeds will be used to purchase two A380 and one A330 Airbus aircraft....
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