Australia
Telstra Corp has completed a A$1.5 billion three-year revolver through bookrunners and mandated lead arrangers Bank of China, Bank of Tokyo-Mitsubishi UFJ, Commonwealth Bank of Australia, NAB and Westpac.
Final allocations saw the leads provide A$124 million apiece while mandated leads ANZ, BNP Paribas, Bank of America Merrill Lynch, Bank of Nova Scotia, Barclays, Citi, Deutsche Bank, Goldman Sachs, HSBC, JP Morgan, Mizuho, RBC, RBS, Standard Chartered, SMBC and UBS gave A$55 million each.
Proceeds are for general corporate purposes.
China
Transport Department of Inner Mongolia Autonomous Region has obtained a Rmb3.5 billion financing through sole bookrunner and mandated lead arranger Bank of China.
Final allocations saw the lead take Rmb2.3 billion while participant China Construction Bank contributed Rmb1.2 billion.
Proceeds are for the construction of Holingol-Alide'er Sumu Highway.
Suzhou Wuzhong Guotai Development has inked a Rmb3.3 billion five-year term loan through sole bookrunner Bank of China.
Syndication saw the lead take Rmb2.6 billion while participants Agricultural Bank of China and Nanyang Commercial Bank lent Rmb410 million and Rmb250 million, respectively.
Proceeds are for construction of new project.
Zhongyu Gas Holdings has obtained a $300 million three-year term loan through sole bookrunner and mandated lead arranger HSBC.
The facility is priced at 313bp over Libor.
Syndication saw KDB Asia, Siemens and Tai Fung Bank join in as mandated lead arrangers while Bank of East Asia, China Construction Bank (Asia) Corp, China Everbright Bank, Far Eastern International Bank, First Commercial Bank and Woori Bank came in as lead arrangers.
Banca Monte Dei Paschi di Siena, E. Sun Commercial Bank, Hua Nan Commercial Bank, Land Bank of Taiwan, State Bank of India, Tai Chung Commercial Bank, Taishin International Bank and Yuanta Commercial Bank joined in as arrangers.
Proceeds are for working capital and capital expenditure purposes.
Hong Kong
Mandarin Oriental Hotel has sealed a HK$3.5 billion five-year financing through joint mandated lead arrangers ANZ, BNP Paribas, Bank of Tokyo-Mitsubishi UFJ, China Construction Bank, Credit Agricole, HSBC, Mizuho, National Bank of Abu Dhabi, OCBC and Standard Chartered Bank on a club basis.
The deal is split into a HK$2 billion term loan and a HK$1.5 billion revolver.
Final allocations saw the arrangers hold HK$350 million each.
Proceeds are to repay debt and for general corporate purposes.
India
Tata Steel has secured a INR228 trillion term loan through sole bookrunner and mandated lead arranger State Bank of India.
The facility is split into a INR126.19 trillion 11-year and four-month tranche and a INR101.81 trillion 10-year and six-month portion.
Syndication saw Axis Bank, Allahabad Bank, Canara Bank, Central Bank of India, Corporation Bank, Export-Import Bank of India, Federal Bank, HDFC Bank, ICICI Bank, Indian Bank, Jammu & Kashmir Bank, Kotak Mahindra Bank, Punjab National Bank, State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Travancore and Syndicate Bank join as participants.
Proceeds are for setting up an integrated steel plant at Odisha, India.
Japan
Permelec Electrode has completed a Y2.2 billion five-year term loan through sole bookrunner and mandated lead arranger BNP Paribas.
Syndication saw Aozora Bank, Bank of Yokohama, Mizuho and Shinsei Bank join in as participants.
Proceeds are to refinance existing indebtedness.
Philippines
ICTSI Global Finance has inked a $350 million five-year revolver through bookrunners and mandated lead arrangers ANZ, BNP Paribas, Bank of Tokyo-Mitsubishi UFJ, CTBC Bank, China Banking Corp, DBS, Development Bank of the Philippines, Land Bank of the Philippines, Metropolitan Bank & Trust, Philippine National Bank and Standard Chartered.
Syndication saw Mega International Commercial Bank, Taishin International Bank and Taiwan Cooperative Bank join in as lead arrangers. Banca Monte dei Paschi di Siena, Bank of Kaohsiung, Chang Hwa Commercial Bank, E. Sun Commercial Bank, First Commercial Bank, Hua Nan Commercial Bank, Land Bank of Taiwan, Maybank, PT Bank Mandiri (Persero) and Taiwan Business Bank came in as arrangers.
Proceeds are for capital expenditure, working capital and general corporate purposes.
Taiwan
Phoenix Pioneer Technology has secured a NT$1.6 billion five-year loan package through joint bookrunners and mandated lead arrangers Land Bank of Taiwan and Taiwan Cooperative Bank.
The deal comprises a NT$1.2 billion term loan and a NT$310 million revolving credit facility.
Syndication saw Agricultural Bank of Taiwan, Chang Hwa Commercial Bank and Mega International Commercial Bank come in as participants.
Proceeds are for capital expenditure and working capital purposes.
SAC PEI Taiwan Holding has completed a NT$10.7billion term loan through sole bookrunner Bank of Taiwan.
Syndication saw Bank of Kaohsiung, Land Bank of Taiwan, Taiwan Business Bank and Taiwan Cooperative Bank join in as participants.
Proceeds are for purchase of class A preferred shares and unsecured subordinated mandatory convertible bond.
