loan-week-november-28december-4

Loan week, November 28-December 4

A roundup of the latest syndicated loan market news.
Australia

ApacheÆs $350 million financing is close to signing via mandated lead arrangers and bookrunners BNP Paribas and HSBC.

The updated margin for the pre-completion period is now 100bp over Libor, which will increase to 112.5bp if the parentÆs rating falls to or below BBB. The pricing for the post-completion period is 175bp.

Proceeds are to support two oil discovery projects in Northwest Australia.

A A$750 million three-year term loan for Telstra Corp was completed last week via sole mandated lead arranger Westpac.

Final allocations saw the lead providing A$250 million, while participants National Australia Bank, Commonwealth Bank of Australia and Deutsche Bank lent A$250 million, A$150 million and A$100 million respectively....
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