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.

  • 05 Aug 2009

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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2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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4 Mizuho 1,215.54 3 8.83%
5 Wells Fargo Securities 1,012.71 4 7.36%