OneSteel Finance has obtained two separate facilities on a club basis via Commonwealth Bank of Australia and Westpac Banking Corp. The deals comprise a $900 million five year bullet loan and a A$325 million one year credit. Proceeds are for acquisition and refinancing purposes.
Hong Kong
COSCO-HIT Terminals Hong KongÆs HK$2 billion five year term facility has closed and allocations finalised via a syndicate of nine banks.
The financing, which was funded on July 10, was heavily oversubscribed and had to be scaled back as the borrower did not wish to upsize the amount.
Mandated arrangers Bank of China committed HK$1 billion while Hang Seng Bank provided HK$250...
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