Centrica looking good for £1bn loan

Centrica, the UK utility, is making good progress on the loan it wants for the acquisition of 25% of British Energy, bankers said today. The company, rated A3/A/A, is seeking roughly £1bn from the loan market. No syndication is set to take place, however, as it will be a club deal.

  • 13 Nov 2008
 

 

“A mandate is being worked on right now,” said one banker at an institution that is itself keen on committing. “No banks have signed in yet, but about six are very likely to do so.

“The facility is set to be funded in January, so there will be ...

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