Loan week, September 16-22

A roundup of the latest syndicated loan market news.

Australia

Sole bookrunner and mandated lead arranger National Australia Bank has successfully completed a A$550 million dual-tranche facility for Australand Property Group.

The loan package consists of a A$248 million three-year tranche and a A$302 million five-year portion.

Final allocation saw the lead commit A$150 million, while participant HSBC lent A$100 million. Bank of Nova Scotia, Credit Agricole, Deutsche Bank and OCBC provided A$75 million each.

Proceeds are for capital expenditure purposes.

OZ Minerals' $200 million dual-tranche revolver was completed last week through sole bookrunner and mandated lead arranger National Australia Bank.

The facility...

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