Loans week April 17-23

A roundup of the latest syndicated loan market news.

Australia

CCCI (AUS) Holding has secured a $1.1 billion bridge facility through joint bookrunners and mandated lead arrangers ANZ, Bank of China, HSBC and BTMU.

The credit is guaranteed by China Communications Construction Co.

Proceeds are for acquisition purposes.

 

China

Xiangheng Real Estate (Jinan) has signed a Rmb600 million five-year term loan through joint bookrunners BTMU and SMBC.  

Syndication saw China Merchants Bank come in as mandated lead arranger.

Proceeds are to support and refinance the development of a real estate project in China.

Focus Media (China) Holding has signed a $1.4 billion club deal through joint mandated lead arrangers China Merchants Bank, China Minsheng Bank and DBS.

The transaction comprises of a $900 million term loan portion and a $500 million facility.

Proceeds are to refinance existing debt.

 

India

Monnet Ispat & Energy has completed a Rs8.3 billion 12-year term loan through sole mandated lead arranger State Bank of India.

Syndication saw AXIS Bank, Bank of Baroda , Bank of India , Bank of Maharashtra , Canara Bank , Corporation Bank , DBS , Dena Bank, Export-Import Bank of India, ICICI Bank, IDBI Bank, Indian Bank, Indian Overseas Bank, Larsen & Toubro, Oriental Bank of Commerce,  Punjab National Bank, UCO Bank, Union Bank of India, United Bank of India and Vijaya Bank join in as lenders.

Proceeds are for general corporate purposes.

Maithan Ispat has secured a Rs3.4 billion credit facility through sole mandated lead arranger State Bank of India.

The transaction is split evenly and comprises a term loan facility with a 10-year tenor and a one-year revolver.

Syndication saw Allahabad Bank, Bank of Baroda, Bank of India, Dena Bank, Indian Overseas Bank, Oriental Bank and Punjab National Bank join as participants.

Proceeds are for capital expenditure and working capital purposes.

 

Malaysia

PKT Logistic Group has completed a M$307 million term loan through sole bookrunner CIMB Group.

The multi-tranche term loan comprises of a M$100 million portion, a M$85.6 million facility, and a M$121 million tranche.

Syndication saw Affin Investment Bank and Employees Provident Fund join as lenders.

Proceeds are to support the development and purchase of land.

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