Mandated lead arrangers BNP Paribas, CIBC and HSBC have launched
syndication of the £963m PFI/PPP (private finance initiative/public
private partnership) financing for the Skynet 5 military satellite
The deal is split between an £880m 14 year tranche and an £83m 13.5
year. Pricing on the deal ranges from 90bp to 120bp.
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