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June 2007
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.
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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.
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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...