Resourcehouse secures jumbo China export contract

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09 February 2010

Iron ore and coal company Resourcehouse has secured Australia’s largest export contract - 20-year sales agreement with China Power International Development.

Australian iron ore and coal company Resourcehouse has claimed to have secured a 20-year sales agreement with China Power International Development, worth $60 billion.

Newswires have reported that the agreement with China Power International...

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Poll

Gazpromneft stunned the market this week when it was revealed pricing for their five-year $1 billion pre-export financing was rumoured to be just above 300 basis points over Libor. Is the deal likely to be a syndication success?

Yes - this seems like a sensible pricing benchmark, why not?

10%

No - are you crazy? These prices are ridiculous. What were these banks thinking?

29%

Yes - but for all the wrong reasons. A lack of other deals in the market, and the promise of future business with Gazpromneft will make it hard to ignore but don’t expect many to take up big tickets with this deal. There are much better deals out there.

62%