Four banks lead loan for BG’s Origin bid

May 5, 2008 Filed Under: Mining Services  

Four banks are leading a syndicated loan to finance British gas producer BG Group Plc’s $US12.1 billion ($A12.99 billion) bid approach for Australian utility group Origin Energy, banking sources said. BNP Paribas, HSBC, Royal Bank of Scotland and Santander are leading the jumbo acquisition financing, banking sources said. The size of the facility has not been revealed as the bid approach could...