loan-week-november-2127

Loan week, November 21-27

A roundup of the latest syndicated loan market news.
Australia

BHP Billiton withdrew its bid for Rio Tinto on November 25. Syndication of a $55 billion debt package to support the bid was launched in February via bookrunners Barclays Capital, BNP Paribas, Banco Santander, Citigroup, Goldman Sachs, HSBC and UBS.

Proceeds were to be used partly for the ú73.7 billion acquisition of Rio Tinto, partly to refinance a $40 billion debt facility.

China

Cofco Capital Corp's $150 million three-year letter of credit has been signed via mandated lead arrangers Bank of America, Bank of Tokyo-Mitsubishi UFJ, Fifth-Third Bank, ING bank and Rabobank.

The leads each committed $18 million, except for Bank of Tokyo-Mitsubishi UFJ which contributed $17 million. Arrangers Intesa Sanpaolo...
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