loan-week-may-814

Loan week, May 8-14

A roundup of the latest syndicated loan market news.

Australia

BlueScope Steel Finance's A$1.3 billion transaction was signed on May 5 via mandated lead arrangers ANZ, Commonwealth Bank of Australia, Credit Suisse and Westpac. General syndication is expected to be launched within a fortnight.

The loan is split into two revolvers comprising a A$200 million two-year tranche and a A$1.1 billion three-year portion priced at 330bp and 350bp over the Australian Domestic Bill Rate ADBR respectively.

The deal is guaranteed by BlueScope Steel and proceeds are for refinancing and general corporate purposes.

China

Shanghai Chengtou Corp's Rmb13.7 billion syndicated lending has been completed via China Development Bank, Industrial Commercial Bank of China and Shanghai Pudong Development Bank, with Agricultural Bank...

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