Australia
Yoogalu has completed an one-year A$85 million revolving facility on a club basis through mandated lead arrangers
Final allocations saw the leads lend equally to the financing.
Proceeds are for refinancing and general corporate purposes.
China
Voith’s subsidiaries in China have signed its five-year Rmb2.3 billion debut local currency facility through sole coordinator Citi.
Guaranteed by Voith, the transaction comprises a Rmb1.5 billion term loan facility and a Rmb750 million revolver.
Final allocations saw mandated lead arrangers Citi, Commerzbank and HSBC lend Rmb500 million apiece, while participant Standard Chartered Bank came in with Rmb300 million. Industrial & Commercial Bank of China contributed Rmb250 million and
Proceeds are for capital expenditures and working capital purposes.
Hong Kong
Alibaba Group Holding obtained its $3 billion debut loan on February 21 through a consortium of six mandated lead arrangers:
The debt package consists of a $2 billion one-year bridge facility and a $1 billion three-year term loan.
Proceeds are to support the privatisation of Alibaba.com.
China International Marine Containers (Hong Kong) successfully sealed a three-year and three-month $375 million-equivalent term loan on February 23 through bookrunners and mandated lead arrangers HSBC,
The guaranteed transaction comprises a $325 million facility and a HK$390 million portion.
Final allocations saw Standard Chartered Bank contribute HK$390 million, while HSBC and
Proceeds are for general corporate purposes.
Guaranteed by
Final allocations saw mandated lead arrangers Bank of China, Bank of Tokyo-Mitsubishi UFJ, HSBC, Mizuho Corporate Bank, Sumitomo Mitsui Banking Corp and United Overseas Bank commit HK$1 billion each, while China Construction Bank, Citi, DBS Bank, Hang Seng Bank, Oversea-Chinese Banking Corp and Standard Chartered Bank joined in with HK$500 million apiece. Co-arrangers Scotiabank lent HK$300 million and Bangkok Bank, China Merchants Bank and Mega International Commercial Bank gave HK$200 million each. Lead manager Shanghai Commercial Bank rounded off the syndicate with HK$100 million.
Proceeds are to refinance a HK$17.4 billion five-year deal signed in 2007.
Swinley Investments has secured a HK$1.4 billion dual-tranche facility through mandated lead arrangers, underwriters and bookrunners
The three-year transferable secured facility consists of a HK$1.1 billion term loan and a HK$300 million revolving credit, which are priced at 200bp over Hibor.
Syndication saw Bank of East Asia, National Australia Bank and United Overseas Bank join in as mandated lead arrangers, while China Construction Bank, Mega International Commercial Bank, Public Bank and Scotiabank came in as lead arrangers. Chang Hwa Commercial Bank and Hua Nan Commercial Bank participated as arrangers.
Proceeds are to support Fortune Reit’s acquisition of Belvedere Garden Property and Provident Centre Property and for general corporate purposes.
India
Barmer Lignite Mining has signed a Rs15.8 billion dual-tranche project financing through sole bookrunner SBI Capital Markets.
The facility is split into a Rs12.6 billion 15-year term loan and a Rs3.2 billion two-year letter of credit.
Syndication saw Canara Bank, Indian Overseas Bank, Oriental Bank of Commerce, Punjab National Bank, State Bank of Bikaner & Jaipur and
Proceeds are for the construction of a mining block.
Indonesia
Surya Artha Nusantara Finance has successfully obtained a three-year $60 million term loan through sole bookrunner Mizuho Corporate Bank.
Final allocations saw the lead contribute $22 million, while mandated lead arranger Aozora Bank came in with $20 million. Arrangers Bank of East Asia, Krung Thai Bank and Mega International Commercial Bank gave $5 million apiece, while Chang Hwa Commercial Bank ended up with $3 million.
Proceeds are for general corporate purposes.
Japan
Raven has secured a ¥ 6.3 billion 11-year and six-month term loan through sole bookrunner and mandated lead arranger Credit Agricole.
Syndication saw
Proceeds are for aircraft financing.
Singapore
Robinson has signed a S$175 million five-year senior secured credit facility through sole coordinator Standard Chartered Bank.
The facility, structured as a leveraged recapitalisation, is the company’s first-ever syndicated debt in its 150-year history.
Final allocations saw HSBC, Oversea-Chinese Banking Corp, Standard Chartered Bank and United Overseas Bank contribute equally to the facility.
Proceeds are to improve Robinson’s capital efficiency and to refinance existing debt.
Taiwan
Intai Technology Corp has secured a NT$1.3 billion facility through sole bookrunner Chang Hwa Commercial Bank.
The upsized facility consists of a NT$600 million seven-year term loan, a NT$200 million five-year portion and a NT$500 million five-year revolver.
Final allocations saw the lead contribute NT$335 million, while mandated lead arranger Taiwan Cooperative Bank provided NT$252 million. Participants Agricultural Bank of Taiwan and Bank of Taiwan pledged NT$210 million each, while First Commercial Bank took NT$168 million. Chinatrust Commercial Bank came in with NT$125 million.
Proceeds are for capital expenditure purposes.
Final allocations saw bookrunners and mandated lead arrangers First Commercial Bank give $23 million, while Chang Hwa Commercial Bank, E.Sun Commercial Bank, Hua Nan Commercial Bank and Taiwan Cooperative Bank provided $22 million each. Land Bank of Taiwan committed $17 million and participant Yuanta Commercial Bank lent $9 million. Taipei Fubon Commercial Bank rounded off the syndicate with $7 million.
Proceeds are for capital expenditure purposes.
Qisda Corp sealed a NT$6.4 billion five-year facility on February 17 through joint bookrunners Chinatrust Commercial Bank, DBS Bank and Taishin International Bank.
The facility is split into a NT$4 billion term loan, a NT$1.1 billion term loan and a NT$1.3 billion revolver. The term loan tranches offer a margin of 60bp over the primary CP rate, while the revolver is priced at 70bp over the same benchmark.
Syndication saw Bank SinoPac and First Commercial Bank come in as coordinating arrangers, while Chang Hwa Commercial Bank, E.Sun Commercial Bank and Ta Chong Bank came in as co-arrangers. Bank of Taiwan, Mega International Commercial Bank and Taiwan Business Bank joined as participants.
Proceeds are to refinance a NT$9.6 billion five-year deal signed in October 2009 and for working capital purposes.
