China
Chengdu Qianhao Real Estate, Chengdu Yingang Real Estate, Sino-Ocean Land Holdings and Swire Properties have inked a Rmb2.3 billion 10-year term loan through sole bookrunner and mandated lead arranger Bank of China.
Syndication saw Agricultural Bank of China join in as participant.
Proceeds are to support the Chengdu Daci Temple Cultural and Commercial Complex project.
Fujian Longyan Wanda Plaza Investment has signed a Rmb1.8 billion three-year term loan through sole bookrunner Bank of China.
The financing is guaranteed by Dalian Wanda Commercial Properties.
Syndication saw China Citic Bank and China Everbright Bank come in as participants.
Proceeds are to support the construction of Fujian Longyan Wanda Plaza.
Jilin Expressway has concluded a Rmb4.3 billion 12-year term loan through sole bookrunner Bank of China.
The single-tranche facility will be repaid in quarterly instalments.
Final allocations saw the lead holds Rmb1.6 billion while participant Agricultural Bank of China pledged Rmb1.1 billion. Participants Postal Savings Bank of China and China Merchants Bank provided Rmb700 million and Rmb600 million, respectively. Bank of Communications rounded the group with Rmb300 million.
Proceeds are for the improvement and expansion of the Changchun-Siping Expressway from Changchun to Siping in Jilin, China.
Japan
Orix Australia Corp, Orix Capital Korea, Orix Corp, Orix Investment & Management, Orix Taiwan Corp and Orix USA Corp have secured a $725 million one-year revolver through joint bookrunners BNP Paribas and Credit Agricole.
Syndication saw ANZ, ING, RBS, RHB Bank, Taishin International Bank and Westpac join in as mandated lead arrangers while Bank of America Merrill Lynch, Chinatrust Commercial Bank and Standard Chartered came in as lead arrangers. Bank of Taiwan, China Development Industrial Bank, Citi, Deutsche Bank, E.Sun Commercial Bank, Far Eastern International Bank, Hua Nan Commercial Bank, Jih Sun International Bank, Land Bank of Taiwan, Ta Chong Bank, Taipei Fubon Bank and Taiwan Shin Kong Commercial Bank concluded the facility as participants.
Proceeds are for working capital purposes.
South Korea
Hanwha Chemical has obtained a $70 million three-year loan-style floating rate note through mandated lead arrangers KDB, Shinhan Bank and Woori Bank.
The club deal has a margin of 170bp over 3-month Libor.
Final allocations saw KDB and Woori Bank provide $30 million each while Shinhan Bank pledged $10 million.
Proceeds are for working capital purposes.
Kocref Gwanggyo Development Reit has inked a W350 billion eight-year term loan through bookrunner and mandated arrangers Industrial Bank of Korea, KDB and Korea Investment Management.
The facility is priced at a fixed rate at 570bp.
Final allocations saw participant Kookmin Bank join in with W88 billion while Industrial Bank of Korea and KDB provided W81 billion each. Shinhan Life Insurance gave W50 billion while Korea Exchange Bank pledged W30 billion. Kyobo Life Insurance rounded up the syndicate with W20 billion.
Proceeds are for project financing purposes.
Kookmin Bank has sealed a $400 million loan package through joint mandated lead arrangers Agricultural Bank of China, Mizuho, SMBC and Standard Chartered on a club basis.
The facility is split into a $150 million one-year tranche and a $250 million two-year portion.
Final allocations saw Mizuho lend $190 million while SMBC contributed $150 million. Agricultural Bank of China and Standard Chartered provided $30 million each.
Proceeds are for working capital purposes.
Malaysia
SapuraKencana Drilling has secured a $1.9 billion one-year loan package through joint mandated lead arrangers ABN Amro, AmInvestment Bank, BNP Paribas, CIMB, HSBC, Maybank, RHB Bank, Standard Chartered and UOB on a club basis.
The oversubscribed facility is split into a $1.5 billion bridge facility and a $380 million credit facility.
Proceeds are for the acquisition of Seadrill’s oil rig business and capital expenditure purposes.
Taiwan
China Lumena New Materials Corp has inked an $85 million one-year term loan through sole bookrunner Mega International Commercial Bank.
Final allocations saw the bookrunner pledge $15 million, while mandated lead arrangers Bank of East Asia, Cathay United Bank, China Development Industrial Bank, Ta Chong Bank, Taipei Fubon Commercial Bank, Taishin International Bank and Taiwan Business Bank contributed $10 million each.
Proceeds are to repay existing indebtedness.
