Australia
CDPT Finance has inked a A$353 million two-year and six-month term loan on a club basis through mandated lead arrangers Commonwealth Bank of Australia, Credit Agricole and NAB.
Proceeds are to refinance existing indebtedness.
Gullen Range Wind Farm has concluded a A$247 million five-year term loan through sole bookrunner and mandated lead arranger NAB.
Final allocations saw NAB contribute A$57 million while mandated lead ICBC took A$55 million. Bank of China, Bank of Communications and China Construction Bank Corp pledged A$45 million each.
Proceeds are to support the construction of a wind farm in New South Wales, Australia.
Leighton Finance has obtained a A$1 billion three-year cash advance facility through bookrunners and mandated lead arrangers ANZ, Mizuho and NAB.
Syndication saw Bank of China, Bank of Tokyo-Mitsubishi UFJ, Commonwealth Bank of Australia and ICBC join in as mandated lead arrangers while Bank of Nova Scotia, Barclays, Mega International Commercial Bank, RBS and SMBC came in as lead arrangers.
Proceeds are for refinancing, working capital and general corporate purposes.
India
Amtek Auto has completed a $125 million seven-year loan through sole bookrunner and mandated lead arranger Axis Bank.
The underwritten facility is priced at 475bp over Libor.
Final allocations saw the lead take $65 million while participants Bank of Baroda, Bank of India and Punjab National Bank joined in with $30 million, $20 million and $10 million, respectively.
Proceeds are to partially refinance a $250 million facility signed in December 2007.
Loha Ispaat has signed a Rs11.5 billion one-year revolving credit facility through sole bookrunner and mandate lead arranger State Bank of India.
Syndication saw Andhra Bank, Bank of India, Bank of Maharashtra, Canara Bank, City Union Bank, Federal Bank, ICICI Bank, Indian Overseas Bank, Karur Vysya Bank, Punjab National Bank, South Indian Bank and State Bank of Travancore come in as participants.
Proceeds are for working capital purposes.
Piramal Enterprises has secured a Rs21.8 billion four-month loan facility through sole bookrunner and mandated lead arranger Axis Bank.
The fully underwritten financing comprises a Rs12.1 billion term loan and a Rs9.7 billion portion.
Final allocations saw the lead contribute Rs6 billion while participant Bank of Baroda provided Rs6 billion. Allahabad Bank and Vijaya Bank lent Rs5 billion and Rs4 billion, respectively.
Proceeds are for general corporate purposes.
Sai Maatarini Tollways has inked a Rs14 billion 14-year term loan through joint bookrunners and mandated lead arrangers IDBI Bank and State Bank of India.
Gayatri Projects is the sponsor of the single tranche facility.
Final allocations saw IDBI Bank pledge Rs3.5 billion while participant Bank of India and India Infrastructure Finance lent Rs2 billion each. Canara Bank gave Rs1.5 billion while Central Bank of India, Indian Overseas Bank, Life Insurance Corp of India and Oriental Bank of Commerce gave Rs1 billion each. Andhra Bank rounded up the syndication with Rs974 million.
Proceeds are to support the development of a road project.
Indonesia
BFI Finance Indonesia has sealed an $80 million three-year term loan through sole bookrunner and mandated lead arranger Standard Chartered.
Syndication saw Emirates NBD PJSC, First Gulf Bank, Korea Development Bank, PT Bank Chinatrust Indonesia and Taishin International Bank join in as mandated lead arrangers while Bank of Tokyo-Mitsubishi UFJ, BDO Unibank, State Bank of India and Taiwan Cooperative Bank came in as lead arrangers. Cosmos Bank, First Commercial Bank, Mega International Commercial Bank, PT Bank Rakyat Indonesia (Persero), Taichung Commercial Bank and Taiwan Business Bank joined in as arrangers.
Proceeds are for general corporate purposes.
New Zealand
Sky Network Television has signed a NZ$400 million five-year revolving credit facility through joint mandated lead arrangers ANZ, Bank of New Zealand, Commonwealth of Australia and Westpac on a club basis.
Proceeds are for refinancing.
Taiwan
China Steel Corp completed a C$278 million term loan package on Tuesday (2 July) through joint bookrunners Bank of Taiwan, CTBC Bank, Chang Hwa Commercial Bank, E.Sun Commercial Bank, Hua Nan Commercial Bank, Mega International Commercial Bank, Standard Chartered and Taipei Fubon Commercial Bank.
The financing contains a C$230 million five-year term loan and a C$48 million three-year portion with a two-year extension option.
Syndication saw Bank of Tokyo-Mitsubishi UFJ, Credit Agricole, Mizuho Bank and Taishin International Bank join in at lower tiers.
Proceeds are to repay existing indebtedness.
