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Port Mann syndication launched

15 December 2008

Lead arrangers BNP Paribas, Caja Madrid, RBS and Société Générale held a bank meeting on Tuesday 9 December to launch general syndication of the C$2.3 billion ($1.83 billion) debt for the Port Mann Bridge and Highway 1 concession in British Columbia, Canada. The project's sponsor is BC Connect, a consortium of Macquarie, Kiewit and Flatiron. Twenty-five banks were said to have been in attendance.

The arrangers offered two tiers of tickets; of C$150 million for mandated...

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