Eight banks are considering investing at a senior syndication level in Conoco Global Power's GBP257 million ($365 million) non-recourse financing for the construction of Immingham, a combined heat and power plant in the U.K. Financiers familiar with the transaction say the banks currently weighing up their options on the deal are Abbey National, Bank of Scotland, Bank of Tokyo-Mitsubishi, Bayerische Landesbank, Commerzbank, Credit Lyonnais, HypoVereinsbank and KBC Bank. He adds that all these firms attended a bank meeting in London earlier this month arranged by sole underwriter Royal Bank of Scotland (PFR, 3/11).
March 17, 2002