Australia
Primary Health Care signed a A$1 billion financing last week through sole bookrunner National Australia Bank.
The debt package consists of a A$770 million three-year term loan, a A$150 million five-year bullet tranche and a A$100 million working capital facility.
Final allocation saw the sole lead take A$270 million while Bank of Scotland, Commonwealth Bank of Australia and Westpac came in as mandated lead arrangers with A$150 million each. Mizuho Corporate Bank gave A$100 million while Bank of Nova Scotia and SMBC lent A$75 million each. Deutsche Bank rounded up the syndicate with A$50 million.
Proceeds are to refinance an existing facility signed in 2009.
Hong Kong
Cleavebury successfully obtained a $150 million three-year term loan in early October through sole bookrunner DBS.
Guaranteed by Springland International Holdings, the deal is priced at 240bp over Libor.
Syndication saw Allied Bank, Bank of East Asia, Cathay United Bank, Chang Hwa Commercial Bank, China Development Industrial Bank, First Commercial Bank, Hua Nan Commercial Bank, Industrial bank of Taiwan, Jih Sun International Bank, Land Bank of Taiwan, Taiwan Business Bank and Taiwan Cooperative Bank join in at lower tiers.
Proceeds are for general corporate purposes.
National Agricultural Cooperative Federation completed a €40 million one-year term loan on a club basis last week (October 20) through mandated lead arrangers ANZ and Commerzbank.
The leads contributed equally to the facility with €20 million each.
Proceeds are for generate corporate purposes.
Yue Yuen Industrial (Holdings) signed a $350 million-equivalent term loan last week through original mandated lead arranger Citibank.
The three-year bullet loan is available in Hong Kong dollars or US dollars.
Syndication saw Citibank, Mizuho Corporate Bank and Scotiabank join in with $50 million each while ANZ, Bank of Taiwan, BNP Paribas, First Commercial Bank and Hua Nan Commercial Bank lent $40 million each.
Proceeds are for the redemption of zero-coupon convertible bonds and general corporate purposes.
India
Bhushan Power and Steel successfully obtained a $1.2 billion-equivalent term facility through sole bookrunner and mandated lead arranger Axis Bank last week.
The facility is split into a Rs3.3 billion 12-year loan, a $410 million seven-year portion and a Rs6.5 billion 12-year subordinated tranche.
Syndication saw 21 banks join in as participants.
Proceeds are for project financing purposes.
MSC Technologies (MSCTL) signed a Rs700 million seven-year nine-month term loan last week (October 19) through sole bookrunner and mandated lead arranger SBI Capital Markets.
Sponsored by Subba Group, the facility offers a margin of 375bp above the SBI base rate.
Syndication saw State bank of India join in as a lead bank while Indian Overseas Bank and North Eastern Development Finance Institution came in as participants.
Proceeds are to support the development of a five-star hotel at Itanagar in India.
Sanjose Supreme Tollways Development has signed a Rs7.9 billion 13-year two-month term loan on a club basis through a consortium of five mandated lead arrangers.
Final allocations saw Oriental Bank of Commerce and Punjab National Bank commit Rs2 billion each, while Central Bank of India and India Infrastructure Finance came in with Rs1.5 billion each. State Bank of Bikaner & Jaipur ended up with Rs900 million.
The facility will be repaid in 44 quarterly installments.
Proceeds are to support the construction of a six-lane road project from Ajmer Road to Agra Road section at Jaipur, India.
Indonesia
Marga Lingkar Jakarta has secured a Rp1.55 trillion project financing facility through Bank DKI and Bank Mandiri.
The 15-year term loan is priced at 400bp over the three-month time deposit rate with a commitment fee of 50bp.
Syndication saw Bank Mandiri contribute Rp1.4 trillion and Bank DKI commit Rp150 billion.
Proceeds are to support a toll road construction in Indonesia.
Triputra Agro Persada has sealed a $260 million five-year extendible loan through a consortium of nine mandated lead arrangers.
The self-arranged facility saw ANZ, Bank of Tokyo-Mitsubishi UFJ, DBS, Export-Import Bank of Indonesia, OCBC, Rabobank International Indonesia, Standard Chartered and United Overseas Bank join in the syndication.
Proceeds are for refinancing, capital expenditure and investment purposes.
Singapore
Asia Square Tower 1 has signed a S$1.94 billion refinancing earlier this month through mandated lead arrangers ANZ, Credit Agricole, DBS, Maybank, Natixis, OCBC, Standard Chartered and United Overseas Bank.
The four-year deal is split into a S$1.8 billion term loan and a S$190 million revolving credit.
Proceeds are for refinancing and general corporate purposes.
Taiwan
Evergreen Marine Corp, through its subsidiaries Evergreen Marine Corp (Taiwan), Evergreen Marine (UK) and Evergreen Marine (Singapore), has obtained three 10-year facilities for $824 million through bookrunners Bank of Taiwan, E.Sun Commercial Bank, Land Bank of Taiwan, Taiwan Cooperative Bank and Taipei Fubon Commercial Bank.
The debt package consists of two tranches for $247 million each and a $330 million portion provided to the three borrowers respectively. The latter two tranches are guaranteed by Evergreen Marine Corp (Taiwan) and Evergreen International.
Syndication saw Chang Hwa Commercial Bank, First Commercial Bank, Hua Nan Commercial Bank and Mega International Commercial Bank join in at lower tiers.
Proceeds are to support the acquisition of 10 vessels.
S-Tech Corp signed a NT$1.1 billion credit facility on October 20 through bookrunners and mandated lead arrangers Bank of Taiwan and Taipei Fubon Commercial Bank.
The deal is split into a NT$362 million five-year term loan, a NT$442 million five-year tranche, and a NT$296 million three-year guarantee facility. The five-year tranches are priced at 40bp and 41bp over the one-year Chunghwa Post time deposit rate respectively while the three-year tranche has a guaranteed fee of 75bp.
Syndication saw Chang Hwa Commercial Bank, First Commercial bank and Hua Nan Commercial Bank join in as participants.
Proceeds are to refinance an existing NT$900 million facility signed in December 2006 and for working capital purposes.
