AGL Energy has mandated Royal Bank of Scotland and Westpac to lead arrange a A$2 billion facility. Proceeds are to refinance existing debt and for general corporate purposes.
Market talk is that CNPC, a joint venture between PetroChina and China National Petroleum, is seeking $1.4 billion to finance its investment in Kazakhstan. The 10 year financing will be arranged by Calyon, Standard Chartered, ING Bank and Commonwealth Bank of Australia. Pricing is said to be around the 80bp mark.
The borrower last tapped the market in September 2005 when it raised $4.18 billion via a bridge financing. That facility was arranged by Citigroup, Sanpaolo IMI and Commonwealth Bank of Australia.