India
Loha Ispaat has signed a Rs8.6 billion one-year revolving facility through sole bookrunner and mandated lead arranger SBI Capital Market.
Syndication saw Andhra Bank, Bank of India, Bank of Maharashtra, Canara Bank, City Union Bank, Federal Bank, ICICI Bank, Indian Overseas Bank, Karur Vysya Bank, Punjab National Bank, State Bank of India and State Bank of Travancore come in as participants.
Proceeds are for working capital purposes.
Indonesia
Mitra Pinasthika Mustika, Mitra Pinasthika Mulia and Federal Karyatama have obtained a Rp900 billion five-year term loan on a club basis through mandated lead arrangers ANZ and DBS.
Final allocation saw DBS lend Rp585 billion and ANZ pledged Rp315 billion.
Proceeds are to support the acquisition of Austindo Nusantara Jaya Tent and its subsidiaries.
Japan
Sumitomo Corp has concluded a $1.1 billion 364-day revolver through sole bookrunner and mandated lead arranger Citi.
Syndication saw BNP join in as a participant while other lenders are undisclosed.
Proceeds are to refinance an existing $1 billion facility signed in March 2011.
New Zealand
CentrePort signed a NZ$125 million multi-tranche revolver on March 7 (Wednesday) through sole bookrunner and mandated lead arranger Westpac.
The debt package is split into a NZ$50 million two-year portion, and a NZ$70 million tranche and a NZ$5 million facility maturing in three years.
Final allocations saw the lead take NZ$75 million while participant Commonwealth Bank of Australia lent NZ$50 million.
Proceeds are to refinance existing indebtedness and for general corporate purposes.
Philippines
Philippine Long Distance Telephone has secured a $150 million five-year club facility through mandated lead arrangers BTMU, Mizuho and SMBC.
The banks contributed on an equal basis with $50 million each.
Proceeds are to repay debt and for capital expenditure purposes.
South Korea
Kookmin Bank, as a custodian of PS Korif Private Placement Real Estate Trust Fund 1, has obtained a ¥124 billion three-year financing through sole bookrunner and mandated lead Woori Bank.
Final allocations saw the sole lead take ¥54 billion while Korea Exchange Bank and Korea Development Bank joined in with ¥40 billion and ¥30 billion, respectively.
Proceeds are to support the acquisition of a shopping centre and for refinancing.
Korea Development Bank has completed a $500 million four-year term loan through sole bookrunner and mandated lead arranger Mizuho.
Final syndication saw Bank of Taiwan, Export-Import Bank of China, Hua Nan Commercial Bank, Mega International Commercial Bank, Taiwan Cooperative Bank, Tokyo Star Bank and United Taiwan Bank join in as participants.
Proceeds are for general corporate purposes.
Taiwan
Grand Pacific Financing Corp has concluded a $74 million three-year loan through sole bookrunner Bank of Taiwan.
The guaranteed facility consists of a $48 million term loan and a $26 million revolver.
Final allocations saw the lead take $13 million while mandated lead arrangers Land Bank of Taiwan and Taiwan Cooperative Bank provided $12 million each. Participants Hua Nan Commercial Bank and Taiwan Business Bank joined in with $10 million each while Chang Hwa Commercial Bank and EverTrust Bank pledged $6 million each. Mega International Commercial Bank came in with $5 million.
Proceeds are for refinancing and for working capital purposes.
Lucky Cement Corp successfully completed a NT$800 million seven-year term loan last week (March 5) through bookrunners and mandated lead arrangers Mega International Commercial Bank and Taiwan Cooperative Bank.
The facility offers a margin of 120bp over Mega Bank’s one-year floating rate and will be repaid in 14 semi-annual instalments.
Final allocations saw the leads take NT$320 million each while participants Bank of Panhsin and Hua Nan Commercial Bank provided NT$80 million each.
Proceeds are to refinance a NT$1 billion syndicated loan signed in August 2007.
