Aquasure project set to test depth of Asia's loan market
Bookrunners National Australia Bank and Westpac Banking Corp are set to launch a A$3.9bn desalination project loan next week in a move that will stretch the region’s syndicated loan market to its limits.
Aquasure, which is building Australias largest desalination plant at Wonthaggi, Victoria, has lined up a seven year senior construction loan that will offer lenders a margin ranging from 350bp to 400bp over BBSW and fees worth 125bp to 240bp.
A group of 10 arrangers has already committed A$2bn
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