It is currently not clear how big the deal will eventually be, but it is expected to close in the next few weeks.

The deal, which is being arranged by Calyon, Intesa Sanpaolo, RZB, WestLB and Sumitomo Mitsui Banking Corporation, was launched into the syndication market in early August

The deal is split between a three-year tranche and a five-year tranche, with margins of 70 basis points and 100 basis points over the London interbank offered rate (libor) (MEED 10:8:08).