KEY POINTS:
New Zealand investment company Rank Group has launched a US$1.6 billion ($2.1 billion) one-year leveraged loan to fund its acquisition of Alcoa's packaging and consumer business, market sources said. The mandated lead arrangers are ANZ Investment Bank, BOS International Australia, Calyon and Credit Suisse. Rank Group is acquiring the Alcoa's packaging businesses for US$2.7 billion.
-NZPA
