Hong Kong
Haier International has obtained a $360 million two-year term loan through bookrunners and mandated lead arrangers ANZ, Westpac and CCB.
The fundraising is guaranteed by Haier Group Corp.
Syndication saw Agricultural Bank of China, Bank of Tokyo Mitsubishi UFJ, Hang Seng Bank, Mizuho and NAB join in as mandated lead arrangers while Taiwan Cooperative Bank came in as arranger.
Proceeds are to finance the general corporate purposes.
Kingboard Laminates Holdings has inked a $516 million equivalent four-year loan package through bookrunners and mandated lead arrangers Bank of Tokyo Mitsubishi UFJ, DBS Bank and Standard Chartered Bank.
The deal is split into a HK$2.6 billion term loan and a $182 million revolver.
Syndication saw CCB, Chong Hing Bank, Fubon Financial Holding and ICBC join in as mandated lead arrangers while Mizuho came in as lead arranger. Bank of East Asia, Bank of Taiwan, First Commercial Bank, Mega International Commercial Bank, SMBC, Tai Fung Bank and Taiwan Cooperative Bank come in as arrangers while Banca Monte dei Paschi di Siena, Chang Hwa Commercial Bank, E Sun Commercial Bank, Hua Nan Commercial Bank and Land Bank of Taiwan concluded the syndicated as senior managers.
Proceeds are to refinance existing financing indebtedness and for capital expenditure and corporate funding requirements.
United Asia Finance has arranged a $369 million equivalent four-year debt package through joint bookrunners and mandated lead arrangers Mizuho Bank and Standard Chartered.
The facility is divided into a HK$1.8 billion term loan, a HK$880 million term/revolving credit facility, a $19 million term loan, a $9 million term/revolving credit facility. The facility is priced at 255bp over HIBOR for the HKD-denominated portions and in LIBOR for the USD-denominated tranches.
Syndication saw Chong Hing Bank and OCBC Wing Hang Bank join in as mandated lead arrangers while Bank of China, Bank of East Asia, Chang Hwa Commercial Bank, China CITIC Bank International, Far Eastern International Bank, ICBC, San-in Godo Bank, SMBC, Tachong Bank, Tai Fung Bank, Taishin International Bank and Wing Lung Bank join in as lower tiers.
Proceeds are for general corporate purposes.
India
Rainbow Papers has completed a $62 million equivalent loan through sole bookrunner Axis Bank.
The transaction is comprises of a Rs447 million eight-year credit and a $55 million two-year tranche.
Syndication saw Allahabad Bank, Bank of India, Corporation Bank, Dena Bank, Indian Overseas Bank, Punjab National Bank and Union bank of India join in as lenders.
Proceeds are to support guarantee for repayment of existing term loan and to issue additional term loan for meeting the additional cost of the project.
Singapore
Sembcorp Financial Services has secured a S$350 five-year revolver through mandated lead arranger CACIB, Credit Industriel et Commercial and Sumitomo Mitsui Trust Bank on a club basis.
The deal is guaranteed by Sembcorp Industries.
Proceeds are for working capital purposes.
Taiwan
Rangate Holdings has signed a NT$338 million term loan through sole bookrunner and mandated lead arranger Taishin International Bank.
The facility is priced at 175bp over 90-day TAIBIR 02 with a pre-tax floor 225bp or 190bp over 90-day TAIBIR 02 with a pre-tax floor 240bp after extension.
Final allocations saw the lead provides NT$270 million while Hua Nan Commercial Bank lent NT$68 million as lender.
Proceeds are for capital expenditure.
Houay HO Power has sealed a $84 million eight-year term loan through mandated lead arrangers CACIB and SMBC on a club basis.
The loan package is consists of a $82 million portion and a $2 million facility.
The financing is priced at LIBOR.
Proceeds are to repay existing indebtedness and for working capital purposes.
