Appears More Good news on the Reliance Rail front ~>
NEW DEAL: Reliance Rail Sounds Out Banks for Debt Refinancing
DEC 1(Bloomberg) -- Reliance Rail is in talks with banks to refinance debt for the New South Wales Rolling Stock public private partnership project in 2006.
Information from people familiar with the matter, who are not authorized to speak publicly and asked not to be identified.
Ratings: Ba2/--/--
NOTEs:
Reliance Rail raised approx. A$2.4b debt in Dec. 2006 for the design and manufacture of Sydney’s suburban passenger trains; bond and bank debt will be refinanced periodically through the life of the contract, commencing between 2016 and 2018: co.’s website
Reliance Rail Finance has A$357m 12Y project loan due Dec. 2018: Bloomberg data
Feb. 2007: Reliance Rail sold A$1.9b inflation bonds
Alerts: 1201140DAU NEWS 2, 1201140DAU NEWS
Source: BFW (Bloomberg First Word
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