UPDATE: Aquasure loan slated to launch in September
Bookrunners National Australia Bank and Westpac have slated a September launch and a five year term for a A$3.7bn loan to finance the Aquasure consortium’s project to build Australia’s largest desalination plant.
NAB and Westpac will also be arrangers on the loan, along with eight other banks: Banco Bilboa Vizcaya Argentaria, Banco Santander, Bank of Tokyo-Mitsubishi UFJ, Dexia, HSBC, ICBC, Macquarie Bank and Mizuho.
The loan will be the first public financing for a desalination plant in Australia, and the biggest loan on record for an Australian public-private partnership.
Bankers expect the loan to test the Australian debt market to its limits, voicing concerns that A$3.7bn will be too much. However, the
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