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
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.