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Babcock & Brown closed its first ever US leasehold/ German leveraged lease (GLL) double-dip for a German utility in midOctober. The Dm610 million ($350 million) deal was mandated in mid-August (see Asset Finance International, August 1997, page 8).
The transaction refinances a waste incineration plant in Weisweiler (AWAAbfallswirtschaft Stadt und Kreis Aachen) in northern Germany.
The German end of the mandate was awarded to KG Allgemeine Leasing, after fierce competition from Commerzleasing and Deutsche Anlagen-Leasing. KPMG (Berlin)...