Loan week, September 10-16

A roundup of the latest syndicated loan market news.

Australia

Westfield Management, the responsible entity for Carindale Property Trust, has obtained a A$230 million five-year facility on a club basis via mandated lead arrangers Credit Agricole and Sumitomo Mitsui Banking Corp.

The senior secured facility is split into a A$60 million revolving investment tranche and a A$170 million development tranche.

Proceeds are to refinance existing borrowings, finance redevelopment costs for Westfield Carindale and for general corporate purposes.

Bangladesh

Orascom Telecom Bangladesh Bangalink has secured a Bdt1.2 billion short-term working capital loan via sole bookrunner Standard Chartered Bank.

Standard Bank, Pubali Bank and Uttara Bank joined the 360-day facility as participants.

Proceeds are for working capital purposes.

China

Mersen China Holding and its subsidiaries...

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