MUFG puts $1bn loan book on the block

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