Australia
Emerald Grain Australia has obtained a A$500 million one-year revolver through sole bookrunner and mandated lead arranger NAB.
Final allocations saw the lead contribute A$115 million while participant Commonwealth Bank of Australia joined in with A$105 million. HSBC and Westpac pledged A$100 million each while Rabobank committed A$65 million. SMBC came in with A$50 million while Bank of Tokyo-Mitsubishi UFJ ended up with A$25 million.
Proceeds are to refinance existing indebtedness.
China
Jiangyin Broadcasting &Television Bureau secured a Rmb400 million seven-year term loan through sole bookrunner and mandated lead arranger Bank of China.
Syndication saw Shanghai Pudong Development Bank join in as lender.
Proceeds are for general corporate purposes.
Hong Kong
Lai Sun Development successfully obtained a HK2.2 billion dual-tranche club financing last week through a consortium of 12 mandated lead arrangers.
The debt package is split equally into a term loan and a revolver.
Syndication saw ANZ, Bank of Communications, Bank of East Asia, BNP Paribas, Chong Hing Bank, DBS, Hang Seng Bank, HSBC, Industrial & Commercial Bank of China, Shanghai Commercial Bank, Shanghai Pudong Development Bank and Standard Chartered come in as mandated lead arrangers.
Proceeds are for refinancing and general corporate purposes.
India
IDBI Bank has completed a $250 million three-year bullet term loan on a club basis through mandated lead arrangers Abu Dhabi Commercial Bank, ANZ, BNP Paribas, Credit Agricole, DBS, HSBC, RBS, Standard Chartered, United Overseas Bank and Wells Fargo Bank.
Proceeds are for working capital purposes.
Indonesia
FKS Multi Agro has signed a $128 million one-year revolving credit facility through sole bookrunner Rabobank International.
The deal is priced at 500bp over Libor with an extension option to extend 12 months on the first and second anniversary of the facility. There is also an option to upsize the facility to a maximum of $175 million.
Syndication saw Bank of China, Bank of Tokyo-Mitsubishi UFJ, HSBC, Indonesia Eximbank and SMBC join in as mandated lead arrangers.
Proceeds are for refinancing and working capital purposes.
Japan
Marubeni Corp has secured a ¥5.5 billion eight-year term loan through sole bookrunner and mandated lead arranger Credit Agricole.
Syndication saw Hokuriku Bank join in as a participant.
Proceeds are for general corporate purposes.
Malaysia
Turus Pesawat has obtained a M$2.5 billion one-year revolving credit on a club basis through mandated lead arrangers AmIslamic Bank, Bank Islam Malaysia, CIMB Islamic Bank, Maybank Islamic Bank and RHB Bank.
Proceeds are for aircraft financing purposes.
New Zealand
Ngai Tahu Holdings has completed a NZ$160 million revolver through mandated lead arrangers Bank of New Zealand, Commonwealth Bank of Australia and Westpac.
The facility is split into a NZ$40 million one-year tranche and a NZ$120 million five-year portion.
Final allocations saw Bank of New Zealand contribute NZ$60 million while Commonwealth Bank of Australia and Westpac pledged NZ$50 million each.
Proceeds are to refinance an existing NZ$40 million tranche signed in June 2011.
Philippines
Petron Corp has secured a $485 million five-year term loan through bookrunner and mandated lead arrangers ANZ, DBS, Maybank, Mizuho, Standard Chartered and SMBC.
Final allocations saw Mizuho contribute $80 million while SMBC committed $75 million. Maybank pledged $70 million while DBS and Standard Chartered lent $60 million each. ANZ provided $50 million while mandated lead arrangers Bank of Tokyo-Mitsubishi UFJ, Chinatrust Commercial Bank and Mega International Commercial Bank came in with $30 million each.
Proceeds are for general corporate purposes.
Singapore
Bartley Homes has inked a S$95 million three-year-and-four-month financing through mandated lead arrangers Bank of East Asia and OCBC.
The facility is split into a S$59 million land loan, a S$27 million construction loan and a S$8 million guarantee.
Proceeds are to support residential property development.
Duferco Asia has completed a $110 million one-year revolver through bookrunner and mandated lead arrangers DBS, ING and Standard Chartered.
Guaranteed by Duferco International Trading Holding SA and Duferco SA, the deal offers a margin of 200bp over Libor.
Final allocations saw the lead pledge $20 million each while lead arrangers HSBC, OCBC and UOB committed $10 million each. Arrangers ABN Amro Bank, Bank Mandiri, DZ Bank and First Commercial Bank ended up with $5 million.
Proceeds are to finance working capital requirements, inventory repayment and general corporate purposes.
HSBC Institutional Trust Services (Singapore), in its capacity as trustee of Suntec Real Estate Investment Trust, has secured a S$200 million five-year loan through mandated lead arrangers ANZ, DBS, HSBC and SMBC.
Proceeds are for refinancing purposes.
Taiwan
Chailease Finance (BVI) has inked a $110 million three-year revolver through bookrunners and mandated lead arrangers First Commercial Bank, Hun Nan Commercial Bank, Land Bank of Taiwan and Mizuho.
Final allocation saw Land Bank of Taiwan commit $30 million while the other leads contributed $20 million each. Participants Export-Import Bank of the Republic of China, Mega International Commercial Bank and Bank Sinopac came in with $8 million, $7 million and $5 million respectively.
Proceeds are for working capital purposes.
Ruentex Development successfully sealed a NT$5 billion five-year facility on Wednesday (October 31) through sole bookrunner First Commercial Bank. The debt package comprises a NT$3 billion revolving credit and a NT$2 billion portion.
Final allocation saw First Commercial Bank provide NT$1.6 billion while mandated lead arranger Chinatrust Commercial Bank contributed NT$800 million. Arrangers Agricultural Bank of Taiwan, Chang Hwa Commercial Bank, Hua Nan Commercial Bank, Taichung Commercial Bank, Taishin International Bank and Taiwan Shin Kong Commercial Bank joined in with NT$240 million each. Participants Cosmos Bank Taiwan and Shanghai Commercial & Savings Bank committed NT$160 million each. Bank of Kaohsiung, Bank of Taiwan, China Development Industrial Bank, E.Sun Commercial Bank, EnTie Commercial Bank and Ta Chong Bank lent NT$120 million each while Industrial Bank of Taiwan rounded up the syndicate with NT$100 million.
Proceeds are for refinancing and working capital purposes.
Ruentex Industries has signed a NT$5 billion five-year revolving facility through bookrunners and mandated lead arrangers Bank of Taiwan and First Commercial bank.
The facility consists of a NT$4 billion and a NT$1 billion tranche.
Syndication saw Agricultural Bank of Taiwan, Chang Hwa Commercial Bank, Chinatrust Commercial Bank, Hua Nan Commercial Bank, Taichung Commercial Bank and Taiwan Shin Kong Commercial Bank join in as mandated lead arrangers while seven other banks came in as participants.
Proceeds are for refinancing and working capital purposes.
