Aquasure sounds lenders for record project

Bookrunners National Australia Bank and Westpac Banking Corp are set to launch a A$3.67bn desalination project loan next week in a move that will stretch the region’s syndicated loan market to its limits.

  • 10 Sep 2009

Aquasure, which is building Australia’s largest desalination plant at Wonthaggi, Victoria, has lined up a seven year senior construction loan that will offer lenders a margin ranging from 350bp-400bp over BBSW and fees worth 125bp-240bp.

A group of 10 arrangers has already committed A$2bn to the deal, according ...

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