Hong Kong
Hong Kong Exchanges & Clearing has obtained a £543 million one-year loan through mandated lead arrangers Deutsche Bank, HSBC and UBS.
The facility is priced at 65bp over Libor for the first three months, which will step up to 85bp thereafter.
Proceeds are to support the acquisition of the London Metal Exchange.
New World China Finance (BVI) has completed a $193 million-equivalent dual-currency financing through mandated lead arrangers DBS, E.Sun Commercial Bank, HSBC, Hang Seng Bank, Scotiabank, Shanghai Commercial Bank and Yuanta Commercial Bank.
Guaranteed by New World China, the eight-year deal consists of a HK$1.2 billion tranche and a $39 million portion.
Proceeds are for refinancing and general corporate purposes.
Samson Paper completed a HK$620 million 3.5-year dual-tranche facility through mandated lead arrangers ANZ, Citic Bank International, Chinatrust Commercial Bank, HSBC, Maybank and Mizuho.
The term loan comprises a HK$470 million tranche and a HK$150 million portion.
Proceeds are for refinancing purposes and general corporate purposes.
India
Alok Industries has signed a Rs11.8 billion term loan through sole bookrunner and mandated lead arranger SBI Capital Markets.
The facility is split into a Rs8.1 billion five-year tranche and a Rs3.8 billion seven-year portion.
Final allocations saw co- arranger Central Bank of India take Rs5 billion while participant State Bank of India provided Rs2.5 billion. Indian Overseas Bank contributed Rs1.5 billion while Dena Bank and State Bank of Hyderabad committed Rs1 billion each. Corporation Bank and Vijaya Bank brought in Rs500 million and Rs300 million respectively.
Proceeds are for working capital and capital expenditure purposes.
Bharat Oman Refineries signed a $140 million loan on Monday (July 10) through sole bookrunner and mandated lead arranger Deutsche Bank.
Guaranteed by Bharat Petroleum Corp, the eight-year loan is priced at 345bp over Libor.
Syndication saw the bookrunner take $40 million, while the mandated lead arrangers Bank Muscat and DBS joined in with $35 million each and State Bank of India lent $30 million.
Proceeds are for capital expenditure purposes.
Indonesia
Jasamarga Bali Tol has obtained Rp1.74 trillion 15-year credit facility through lead arrangers Bank Mandiri, Bank Negara Indonesia, Bank Rakyat Indonesia and Bank Central Asia.
Syndication saw Bank Pembangunan Daerah Bali and Bank Tabungan Negara join in as lenders.
Proceeds are for the development and construction of an 11km toll road across Nusa Dua to Benoa, Bali, Indonesia.
Philippines
Philippine Airlines has completed a $131 million 12-year guaranteed term loan through sole arranger ING.
Participant Private Export Funding Corp was the sole provider of the funding.
Proceeds are for aircraft financing.
New Zealand
Tuaropaki Power has obtained a NZ$76 million five-year term loan through sole arranger ANZ.
Final allocations saw the lead contribute NZ$48 million while Bank of New Zealand joined in with NZ$29 million as a participant.
Proceeds are to refinance existing project financings and to finance future Well Drilling capital expenditure purposes.
Singapore
Greenship Bulk has concluded a $72 million six-year deal through leads HSH Nordbank and Nordea Bank Finland.
The deal is secured by vessels and guarantees. Proceeds are for ship financing purposes.
Taiwan
ADATA Technology successfully closed a NT$3.6 billion three-year revolver last Tuesday (July 3) through sole bookrunner Bank of Taiwan.
The debt package comprises a NT$3.6 billion tranche and a $120 million portion, while the total withdrawal amount cannot exceed NT$3.6 billion. The NT dollar tranche offers a margin of 68bp over the 90-day secondary commercial paper rate while the US dollar tranche is priced at 105bp over three- or six-month Libor.
Syndication saw First Commercial Bank come in as another mandated lead arranger while Chang Hwa Commercial Bank, E.Sun Commercial Bank, Hua Nan Commercial Bank, Mega International Commercial Bank, Taiwan Cooperative Bank and Yuanta Commercial Bank joined in as participants.
Proceeds are to refinance a NT$3.6 billion three-year facility signed on June 25, 2010.
Ardentec Corp completed a NT$2.5 billion multi-tranche financing last Thursday (July 5) financing through sole bookrunner and mandated lead arranger Bank of Taiwan.
The transaction consists of a NT$900 million seven-year term loan, a NT$1 billion five-year portion and a NT$600 million five-year tranche.
Final allocations saw the lead and E.Sun Commercial Bank contribute NT$500 million each while participants Chang Hwa Commercial Bank and First Commercial Bank pledged NT$300 million each. Agricultural Bank of Taiwan and Yuanta Commercial Bank came in with NT$250 million each while Cathay United Bank and Taiwan Cooperative Bank brought in NT$200 million each.
Proceeds are for working capital and capital expenditure purposes.
Kang Na Hsiung Enterprise has concluded a NT$1.5 billion five-year facility through bookrunners and mandated lead arrangers Bank of Taiwan, First Commercial Bank, Industrial Bank of Taiwan and Mega International Commercial Bank.
The transaction is split into two NT$500 million term loans and a NT$500 million CP guarantee.
Final allocations saw First Commercial Bank take NT$330 million while the other leads provided NT$240 million each. Cathay United Bank, Hua Nan Commercial Bank and Taiwan Cooperative Bank joined in as managers with NT$150 million each.
Proceeds are to refinance a NT$1.5 billion five-year facility signed in June 2009 and for working capital purposes.
