China
Shanxi Sunlight Coking Group has obtained a Rmb300 million three-year term loan through sole bookrunner and mandated lead arranger BNP Paribas.
Syndication saw Bank of Nanjing join in as arranger.
Proceeds are for working capital purposes.
India
Hindustan Petroleum Corp has secured a $500 million three-year term loan through bookrunners DBS, RBS and State Bank of India.
Final allocations saw State Bank of India take $220 million while DBS and RBS committed $30 million each.
Mandated lead arranger UOB joined in with $50 million while mandated leads Arab Banking Corp, BBK BSC, Siemens Financial Services, Sumitomo Mitsui Trust Bank and Union National Bank joined in with $30 million each.
Bank of East Asia pledged $10 million as arranger while Shanghai Commercial & Savings Bank and Taiwan Cooperative Bank concluded the syndicate with $5 million each.
Proceeds are for working capital purposes.
Indian Oil Corp has inked a C$900 million one year bridge facility on a club basis through mandated lead arrangers ANZ, Bank of Nova Scotia, Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Citi, DBS, Deutsche Bank, HSBC, Mizuho, RBS, State Bank of India and UOB.
Proceeds are to support the borrower’s acquisition of Petronas’ shale-gas and LNG project in Canada.
ONGC Videsh has sealed a $725 million one-year bridge facility though mandated lead arrangers ANZ, BNP Paribas, Bank of Tokyo-Mitsubishi, Citi, DBS, RBS and State Bank of India on a club basis.
The financing is guaranteed by Oil & Natural Gas Corp.
Final allocations saw Bank of Tokyo-Mitsubishi, Citi, DBS, RBS and State Bank of India provide $121 million while ANZ and BNP Paribas lent $60 million each.
Proceeds are to support company’s acquisition activities.
Orient Cement has inked a Rs12 billion 10-year term loan through sole bookrunner State Bank of India.
The single tranche facility will be repaid by 26 quarterly instalments.
Final allocations saw the lead take Rs7.2 billion while participants HDFC Bank and Indian Bank contributed Rs2.8 billion and Rs2 billion respectively.
Proceeds are for the development of a cement manufacturing facility.
Orissa Manganese & Minerals has completed a Rs15.2 billion financing through sole bookrunner and mandated lead arranger State Bank of India.
The facility is priced at 330bp over SBI base rate.
Syndication saw Allahabad Bank, Bank of Baroda, HDFC Bank, ICICI Bank, Indian Overseas Bank, Punjab & Sind Bank, Punjab National Bank, State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and UCO Bank join in as participants.
Proceeds are for the development of mining sites.
Prayagraj Power Generation has signed a $115 million 13-year term loan through sole bookrunner and mandated lead arranger State Bank of India.
Jaiprakash Power Ventures is the sponsor of the loan.
Final allocations saw participant India Infrastructure Finance as sole lender for the facility.
Proceeds are to support the construction of a 1,980MW coal based supercritical power plant.
Singapore
Ecom Agroindustrial Asia and Ecom Agroindustrial Corp have launched a $300 million 364-day revolver on February 25 through bookrunners and mandated lead arrangers DBS, ING and Standard Chartered.
A bank meeting hosted by Ecom will be held on March 4.
Proceeds are for general corporate expenditure, working capital and refinancing purposes.
Taiwan
Fu Yu Construction has inked a NT$1.8 billion 2.5-year term loan through sole bookrunner CTBC Bank.
Final allocations saw the lead contribute NT$800 million while participants Taishin International Bank, Agricultural Bank of Taiwan and Ta Chong Bank committed NT$500 million, NT$250 million and NT$250 million, respectively.
Proceeds are to support a construction project.
Globe Union Industrial secured a NT$2 billion five-year fundraising last Thursday (February 20) through joint bookrunners Bank of Taiwan, CTBC Bank, Chang Hwa Commercial Bank, E.Sun Commercial Bank, Industrial Bank of Taiwan, Ta Chong Bank and Taipei Fubon Commercial Bank.
The financing includes a NT$1.1 billion term loan and a NT$900 million commercial paper facility.
Final allocations saw the bookrunners provide NT$210 million each. Participants China Development Industrial Bank and Mega International Commercial Bank came in with NT$130 million, while Bank SinoPac and Shanghai Commercial & Savings Bank held NT$110 apiece. Hua Nan Commercial Bank rounded up the group with NT$50 million.
Proceeds are to refinance an existing loan facility signed in September 2009 and for working capital purposes.
Valiant POF has concluded a $60 million four-year term loan through sole bookrunner Taishin International Bank.
Syndication saw Chang Hwa Commercial Bank, DBS, Far Eastern International Bank, Mega International Commercial Bank and Taiwan Cooperative Bank come in as mandated leads while Bank SinoPac, Bank of Kaohsiung, Jih Sun International Bank and Yuanta Commercial Bank joined in at lower tiers.
Proceeds are to repay existing indebtedness and for working capital purposes.
