Bank of America and Royal Bank of Scotland have won leading roles on a €600m ($696m) loan for TPG that will refinance the Dutch mail and logistics company's existing credit facility. They will be mandated lead arrangers on the new loan, which will have a five-year maturity.

The other mandated lead arrangers are Dutch banks ABN Amro and ING, which arranged a €500m loan for TPG in July 1999 that is due to mature next year.

Dutch mail group hires four banks for €600m loan

Vivek Ahuja

Bank of America

Citigroup

Commerzbank

UniCredito Italiano

Danske Bank

Royal Bank of Scotland

BNP Paribas

JP Morgan

Commonwealth Bank of Australia

HSBC

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