The deal is the Queensland government's last plank in its asset sales plan, earning $1.829 billion that will be funnelled into the state's disaster recovery.

Premier Anna Bligh last month announced that the government had agreed to a 99-year lease of the Abbot Point Coal Terminal to Mundra Port Pty Ltd for a sum above the expected price of $1.5 billion.

Allen & Overy advised SCB on the provision of a USD1 billion loan facility to assist Adani, India's biggest coal importer, in its bid, as well as a letter of credit facility for the required bid bond. Financial Close occurred on 1 June.

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Allen & Overy partner Chris Robertson said there has been an increasing interest from Indian corporates in Australian assets, particularly infrastructure assets and natural resources, with initial acquisition financing arranged by the purchaser's relationship banks. 

"Closing such a significant financing in a very short time frame and across multiple jurisdictions was pretty satisfying and involved spending considerable time getting to understand how the terminal operates and the future expansion plans, as well as taking account of some of the legal issues that are peculiar to financing provided to an Indian buyer."

The Allen & Overy team were lead by partners Chris Robertson in Sydney and Kayal Sachi in Singapore who were assisted by senior associate Simon Gutkin and senior lawyers Dan Lee and James Gibson.