loan-week-may-30june-5

Loan week, May 30-June 5

A roundup of the latest syndicated loan market news.
Australia

Bank of QueenslandÆs $200 million senior credit was launched into senior syndication on May 30 via mandated leads and bookrunners ABN AMRO and Chinatrust Commercial Bank.

The bullet loan features a 2.5-year tenor and a spread of 100bp over Libor.

Banks joining with $25 million and above receive an equal-status mandated lead arranger title with an upfront fee of 50bp.

Bank presentations will be held in Hong Kong, Singapore and Taiwan next week and in Sydney the week after. Banks have until July 4 to revert.

The funds are for general corporate and working capital requirements.

A A$390 million three-year dual tranche facility for Downer Group Finance was completed on May 23 via...
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