The London office of MUFG Bank is selling a portfolio of 33 fully-drawn project finance loans with a combined value of more than $1 billion.
Bidders have until the end of this week (23 November) to submit indicative responses, according to documents seen by IJGlobal.
The loan book breaks down as follows:
- 29% – power
- 28% – infrastructure
- 24% – aviation
- 19% – natural resources
As for currencies, the loans are spread across USD, GBP and EUR and amount to $1.034 billion, divided:
- $579 million
- £210 million ($268.6 million)
- €164 million ($186.8 million)
Sources understood to be expressing interest in the loan book say this is being carried out by MUFG Bank to free up capital.
The MUFG team running the process includes:
- Peter Hanrott
- James Copper
- Simon Orchard
- Euan Coleman
- Richard Daniell
- Kanani Fukui