Loan week, October 8-14

A roundup of the latest syndicated loan market news.

Australia

Charter Hall Direct Property Fund has secured a A$240 million dual-tranche facility on a club basis via mandated leads Commonwealth Bank of Australia, National Australia Bank and ING Bank.

The three-year transaction is split into a A$150 million term loan and a A$90 million revolver.

Proceeds are to refinance existing indebtedness.

China


A $305 million financing for Laiwu Steel Corp and Jinan Iron Steel Corp was signed on October 13 via bookrunners Credit Agricole, HSBC China and Standard Chartered Bank China. The deal was oversubscribed and upsized from $250 million.

Guaranteed by Shandong Iron Steel Group, the three-year term loan features a margin of 275bp over Libor.

Final allocations saw the bookrunners commit...

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