Australia
Cerise Global has completed a A$705 million three-year financing through mandated lead arrangers HSBC, ING and Westpac on a club basis.
The loan is guaranteed by Cheung Kong Infrastructure Holdings.
Proceeds are to support the A$4.1 billion acquisition of Envestra Ltd.
Perth Airport has secured a A$550 million revolver on a club basis through mandated lead arrangers Bank of Tokyo-Mitsubishi UFJ, Commonwealth Bank of Australia, NAB, RBC, SMBC and Westpac.
The debt package comprises a A$100 million three-year tranche and a A$450 million four-year portion.
Final allocations saw Commonwealth Bank of Australia commit A$120 million while NAB and Westpac provided A$110 million apiece. Bank of Tokyo-Mitsubishi UFJ, RBC and SMBC pledged A$70 million apiece.
Proceeds are to refinance an existing facility signed in November 2011.
China
Bank of Communications Finance Leasing has secured a $265 million three-year term loan through joint bookrunners ANZ and Standard Chartered.
The facility pays a margin of 260bp over Libor.
Syndication saw Commonwealth Bank of Australia and Mega International Commercial Bank come in as mandated lead arrangers while Chang Hwa Commercial Bank, East West Bank, Hua Nan Commercial Bank, Maybank, Shanghai Pudong Commercial Bank, State Bank of India and Taiwan Cooperative Bank joined in as arrangers. CTBC Bank joined in as participant to round up the syndication.
Proceeds are for general corporate purposes.
Sky High XXIV Leasing has sealed a $165 million eight-year term loan through sole bookrunner BNP Paribas.
The facility is fully-underwritten by the bookrunner.
Final allocations saw mandated lead arranger Commonwealth Bank of Australia lend $66 million while BNP Paribas, Helaba Bank and Norinchukin Bank provided $33 million each.
Proceeds are for aircraft financing purposes.
India
Welter Trading has secured a $500 million four-year term loan through bookrunners and mandated lead arrangers Bank of America Merrill Lynch, Barclays, DBS, Deutsche Bank, ICBC, Standard Chartered and RBS.
The facility is fully underwritten by the bookrunners and guaranteed by Vedanta Resources.
Syndication saw Chang Hwa Commercial Bank and Mega International Commercial Bank join in as senior managers.
Proceeds are to refinance existing indebtedness.
Videocon Hydrocarbon Holdings has inked a $40 million three-year term loan through sole underwriter and mandated lead arranger Deutsche Bank.
Syndication saw Alahli Bank of Kuwait and Gulf Bank join in as lead arrangers.
Proceeds are to refinance existing indebtedness.
Indonesia
Navigat Energy has inked a $270 million five-year debt package through joint bookrunners OCBC and Standard Chartered.
The facility is split into a $200 million term loan and a $70 million revolving credit facility.
Syndication saw Indonesia Eximbank join in as mandated lead arranger while Citi, Indonesia Infrastructure Finance and Sarana Multi Infrastruktur came in as arrangers. Bank Commonwealth, Bank Mandiri, Federated Investors, Mega International Commercial Bank and Monte dei Paschi joined in as participants to complete the syndication.
Proceeds are for refinancing and general corporate purposes.
Taiwan
Playmaker recently signed a NT$1.1 billion debt through sole book runner Land Bank of Taiwan.
The loan is split between a NT$650 million term loan and a NT$450 million revolver. Both tranches have a five-year tenor.
Syndication saw First Commercial Bank join in as arranger while Agricultural Bank of Taiwan joined as manager. Chang Hwa Commercial Bank, Hua Nan Commercial Bank, Yuanta Commercial Bank and Taiwan Cooperative Bank also joined as participants.
Proceeds are to repay existing debt and for working capital purposes.
Kao Fong Machinery completed a NT$1.1 billion five-year debt financing through mandated arranger Land Bank of Taiwan.
The debt package consists of three tranches, a NT$400 million term loan, NT$200 million term loan and a NT$500 million revolving credit facility. All three tranches are priced at 100bp over the Taiwanese Secondary CP Rate.
Syndication saw E.Sun Commercial Bank, First Commercial Bank, Chang Hwa Commercial Bank and Hua Nan Commercial bank join in as arrangers while a further three banks entered at the participant level.
Proceeds are to refinance a previous NT$800 million loan signed in April 2011, and for capital expenditure and working capital purposes.