China
Jiangsu Linggu Chemical Industry has secured a Rmb1 billion two-year term loan through sole bookrunner and mandated lead arranger Bank of China.
The single tranche facility will be repaid by quarterly instalments.
Syndication saw Bank of Jiangsu come in as arranger.
Proceeds are for general corporate purposes.
Sichuan Chengda New Chemicals has signed a Rmb2.6 billion 10.5-year term loan through sole bookrunner and mandated lead arranger Bank of China.
Syndication saw Bank of Kunlun come in as participant.
Proceeds are for capital expenditure purposes.
Japan
KVH has completed a ¥12 billion three-year term loan through sole bookrunner and mandated lead arranger Citi.
Syndication saw Mizuho join in as mandated lead arranger and other undisclosed participants came in at lower tiers.
Proceeds are to refinance existing indebtedness.
NBB Falcon has inked an $83 million 11-year and six-month term loan on a club basis through mandated lead arrangers Commerzbank and Deutsche Bank.
Proceeds are for aircraft financing purposes.
New Zealand
Property for Industry has completed a NZ$350 million revolving credit facility on a club basis through ANZ, Bank of New Zealand, Commonwealth Bank of Australia and Westpac.
The debt package comprises a NZ$250 million three-year tranche and a NZ$100 million four-year portion.
Proceeds are for general corporate purposes.
Singapore
Kian Ann Engineering has inked a S$145 million five-year loan package through joint bookrunners DBS and OCBC.
The facility is split into an S$85 million term loan and a S$60 million credit facility.
Syndication saw Bank of China join in as mandated lead arranger while Maybank came in as participant.
Proceeds are for refinancing and capital expenditure purposes.
Senoko Energy has concluded a S$2.6 billion seven-year financing through mandated lead arrangers Bank of Tokyo-Mitsubishi UFJ, DBS, Mizuho, OCBC and SMBC.
The facility consists of a S$1.9 billion tranche and a S$700 million portion.
Final allocations saw DBS contribute S$1 billion while OCBC pledged S$660 million. Bank of Tokyo-Mitsubishi UFJ, Mizuho and SMBC lent S$300 million each to round up the financing.
Proceeds are to repay existing indebtedness.
Taiwan
Evergrande Real Estate Group signed a $79 million two-year term loan on Tuesday (June 25) through joint bookrunners Taishin International Bank, VTB Capital and Wing Lung Bank.
The facility is priced at 365bp over Libor.
Final allocations saw Wing Lung Bank take $24 million while Taishin International Bank and VTB Capital contributed $20 million each. Participant EnTie Commercial Bank lent $15 million.
Proceeds are to repay existing indebtedness and for general corporate purposes.
Sun Hui Construction has completed a NT$2.7 billion three-year and six-month financing through joint bookrunners Far Eastern International Bank, Industrial Bank of Taiwan, Shanghai Commercial & Savings Bank, Taichung Commercial Bank and Taishin International Bank.
The facility comprises a NT$1.2 billion term loan, a NT$160 million revolver, a NT$1.1 billion tranche and another NT$140 million revolving portion.
Final allocations saw Industrial Bank of Taiwan hold NT$500 million while the rest of the leads pledged NT$470 million each. Participant China Bills Finance Corp rounded up with NT$300 million.
Proceeds are to fund a residential project in Yonghe district, Taiwan.
Taiwan PCB Techvest has secured a NT$2.2 billion five-year deal through sole bookrunner Bank of Taiwan.
The financing is evenly split into a term loan and a revolving credit facility.
Syndications saw 13 banks join in at lower tiers.
Proceeds are for refinancing and working capital purposes.
VIA Technologies Inc has closed a NT$1.5 billion three-year revolving credit facility through sole bookrunner Industrial Bank of Taiwan.
The facility is priced at 85bp over the Taiwanese secondary market CP rate.
Final allocations saw the lead provide NT$1 billion while China Bills Finance Corp participated with NT$500 million.
Proceeds are for working capital purposes.
