Calyon, Deutsche Bank, HSBC and ING have joined the £3.17 billion non-recourse bridge loan supporting Tata Steel's $11.3 billion takeover of Anglo-Dutch steelmaker Corus. The loan is in the market via bookrunners ABN Amro, Citigroup and Standard Chartered.
The delayed refinancing of Aluminium Bahrain's (Alba) fifth potline loan has come to market. Citigroup is lead arranging a new $641 million deal priced at 40bp-50bp over Libor over a seven year tenor and with a 40bp participation fee.
Qatar Steel Company (Qasco) has approached banks for a $1.15 billion corporate-style facility that will in part refinance the remainder of the $560 million project debt it borrowed in 2005 (for more details search 'Qasco') and provide both new expansion funding and around $200 million for investment...