LEIGHTON Holdings Limited has signed a $A1.4 billion three-year syndicated performance bond facility — doubling the size of the existing $A700 million syndicated performance bond facility, which it refinances.
Leighton Holdings’ CEO Hamish Tyrwhitt said that bonds and guarantees are an important element of the business and the company’s ability to access such significant facilities was a source of competitive advantage.
The syndication targeted a diverse range of banks in the Australian and Asia-Pacific loan market. A total of 19 lenders participated, 10 of which are new lenders.
ANZ Bank acted exclusively as the coordinating arranging bank and bookrunners, along with HSBC, Mizuho Corporate Bank Ltd, and The Royal Bank of Scotland plc.
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