Hope Downs Iron Ore has successfully raised A$370 million from the market via mandated arrangers BNP Paribas, National Australia Bank and Royal Bank of Scotland. The facility consists of A$315 million, A$35million and A$20 million ten year tranches. Rio Tinto Minera SA RTM and Kumba Resources are sponsoring the deal.
Mandated arrangers BNP Paribas committed A$100 million and National Australia and Royal Bank of Scotland held A$85 million each while Bank of Scotland and Commonwealth Bank of Australia joined as lenders with tickets of A$50 million apiece.
Proceeds are to support a mine construction project in the Pilbara region of Western Australia.
Santos Finance Unit has mandated Commonwealth Bank of Australia to lead arrange...