loan-week-september-1420

Loan Week, September 14-20

A roundup of the latest syndicated loan market news.
Australia

OneSteel FinanceÆs A$1.1 billion five-year bullet facility has been completed via mandated lead arrangers Commonwealth Bank of Australia and Westpac with each holding A$120 million. The deal was well received and was increased from A$900 million.

Allocations saw all but one lead manager taking A$67.5 million apiece. These were ANZ, Bank of China, Bank of Tokyo-Mitsubishi UFJ, Banco Bilbao Vizcaya Argentaria, HSBC, Mizuho Corporate Bank, National Australia Bank, Oversea-Chinese Banking Corp, Scotiabank, Sumitomo-Mitsui Banking Corp, Toronto Dominion and WestLB. Bank of America joined with a take of A$50 million.

China

Sole lead arranger and bookrunner Citi completed a Rmb500 million three-year credit facility for China Taizinai Group...
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