EDC underwrites Plenary’s Australian cancer hospital

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09 January 2012

Project sponsor Plenary has secured Canadian export credit agency funding and guarantees for its new state-of the-art cancer unit in Melbourne, Australia.

Export Development Canada and National Australia Bank have underwritten an A$940 million ($960.3 million), 10-year financing package for the Plenary Health consortium to deliver the Victorian Comprehensive Cancer Centre (VCCC) in Melbourne, Australia.

NAB was bookrunner on the facility which reached financial close on 16 December 2011. NAB contributed A$213 million and...

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