BG Group lines up banks for Origin financing

British gas producer BG Group has mandated four underwriting banks to arrange the multi-billion dollar financing backing its proposed $12.1bn (€7.8bn) bid for Australian utility group Origin Energy.

HSBC, Royal Bank of Scotland, Société Générale and Santander have been brought in to lead the loan, bankers said, which will be used in tandem with cash reserves to finance the all-cash bid.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire