Australia
A A$1.95 billion portion of Aquasure Finance's A$4.1billion debt package is currently ongoing in syndication via bookrunners National Australia Bank and Westpac Banking Corp, which sealed a A$1.92 billion seven-year tranche and a A$250 million 3.5-year portion earlier this month.
The margin starts at 350bp over BBSY for the first five years and climbs to 375bp in year six and to 400bp in year seven.
Banks are offered six levels of participation in syndication - mandated lead arrangers lending A$200 million or above get 240bp in upfront fees lead arrangers contributing from A$150 million to A$199 million earn 200bp co-arrangers holding A$75 million to A$99 million get 175bp senior managers taking A$50...
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