China
Shandong Hongqiao New Material has inked a $330 million three-year term loan through bookrunners and mandated lead arrangers ABN Amro, Aozora Bank, China Citic Bank International, DBS, First Gulf Bank, Hang Seng Bank, J.P. Morgan, Mega International Commercial Bank and Rabobank.
The facility is priced at 330bp over Libor.
Syndication saw Woori Bank join in as lead arranger while Kookmin Bank came in as arranger. Taishin International Bank ended up as lead manager.
Proceeds are for working capital and capital expenditure purposes.
India
Etawah – Chakeri (Kanpur) Highway has obtained a Rs15.5 billion 13.5-year term loan on a club basis through joint mandated lead arrangers Axis Bank, Bank of India and Central Bank of India.
The facility is sponsored by Oriental Structural Engineers and Oriental Tollways.
Final allocations saw the banks provide Rs5.2 billion each.
Proceeds are for the six-laning of NH-2 Etawah to Chakeri section in the state of Uttar Pradesh, India.
Shreenathji-Udaipur Tollway has signed an Rs8.4 billion 18-year term loan through sole bookrunner ICICI Bank.
Sponsored by Sadbhav Engineering and Sadbhav Infrastructure Project, the single tranche facility will be repaid by 174 monthly instalments.
Final allocations saw the lead lend Rs4.9 billion while participants Oriental Bank of Commerce and Central Bank of India pledged Rs2 billion and Rs1.5 billion, respectively.
Proceeds are to support the four-lane project of the Gomati Chauraha to Udaipur Bypass section of NH-8 in India.
Skydeck Properties & Developers has completed a Rs5.1 billion financing though sole bookrunner and mandated lead arranger HDFC Bank.
The single tranche facility has a tenor of three years.
Final allocations saw participant Housing Development Finance Corp as sole lender to the facility.
Proceeds are to repay existing indebtedness.
South Korea
Korean Air Lines has secured a $50 million one-year term loan through sole bookrunner and mandated lead arranger KDB.
The facility is split into a $30 million tranche and a $20 million potion.
Final allocations saw the lead provide $35 million while Woori Bank joined in with $10 million as participant. Hana Bank concluded with $5 million.
Proceeds are to refinance an existing facility signed in Feb 2012 and for general corporate purposes.
Songwon Industrial has completed a ¥220 billion three-year facility through sole bookrunner and mandated lead arranger Korea Exchange Bank.
The facility is split into a ¥170 billion term loan and a ¥50 billion revolver.
Syndication saw Woori Bank join in as mandated lead arranger while Busan Bank, Hana Bank and Standard Chartered came in as participants.
Proceeds are for refinancing purposes.
Taiwan
Cheng Uei Precision Industry has closed an NT$8 billion revolver through bookrunners and mandated lead arrangers Bank of Taiwan, Chinatrust Commercial Bank, E.Sun Commercial Bank, Land Bank of Taiwan, Mega International Commercial Bank, Taipei Fubon Commercial Bank and Taiwan Cooperative Bank.
The deal was oversubscribed and upsized from NT$6.8bn. It has an one-time two-year extension option.
Syndication saw seven other banks come in at lower tiers.
Proceeds are to repay existing indebtedness and for working capital purposes.
China Resources Power Holdings has inked a HK$4 billion-equivalent four-year term loan through bookrunners and mandated lead arrangers Agricultural Bank of China, Bank of Taiwan, Bank of Tokyo-Mitsubishi UFJ, China Construction Bank, Chinatrust Commercial Bank, Commonwealth Bank of Australia, Hang Seng Bank, Mega International Commercial Bank and Taipei Fubon Commercial Bank.
The facility is split into a HK$3 billion tranche and a $129 million portion. It is priced at 200bp over Hibor/Libor.
Syndication saw E.Sun Commercial Bank, KDB Asia, Shanghai Commercial Bank, Taiwan Cooperative Bank and Wing Lung Bank join in as arrangers.
Proceeds are for refinancing and general corporate purposes.
Kuo Yang Construction has completed a NT$4.1 billion term loan through sole bookrunner and mandated lead arranger Land Bank of Taiwan.
The financing is an amendment to the borrower’s NT$3.7 billion facility signed in July 2009.
Syndication saw 12 other banks come in at lower levels.
Proceeds are for construction financing purposes.
LG Display Taiwan has secured a $450 million one-year revolving credit through sole bookrunner and mandated lead arranger Taishin International Bank.
Final allocations saw the bookrunner pledge $180 million while participant Bank SinoPac took $120 million. Far Eastern International Bank and Ta Chong Bank gave $50 million each while China Development Industrial Bank took $30 million. Taiwan Shin Kong Commercial Bank rounded up the group with $20 million.
Proceeds are to refinance an existing loan facility signed in March 2012 and for working capital purposes.
