Company news

BNPP Completes Global Custody Platform Migration

BNP Paribas Securities Services has combined all of its global custody assets in-house onto a single Asia Pacific platform. Approximately 30 clients, 250 portfolios, over 15,000 securities and almost A$30 billion in assets have been migrated.
The firm claims that its clients can now access to Continuous Linked Settlement for foreign exchange transactions, with client windows in the US and Europe complementing the Sydney based service teams.
The program was piloted in May 2009, with the first group of client accounts migrated in September 2009.
 

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Woodside doubles up with a US$1.1bn loan facility

Woodside has executed a US$1.1 billion syndicated loan facility with 26 domestic and international banks. This deal follows a US$1 billion US bond issue in February 2009.

Australia and New Zealand Banking Group and The Bank of Tokyo-Mitsubishi UFJ were joint coordinating arrangers of the syndicated loan, which has a term of three years.

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