Citic Pacific’s HK$4.8 billion five-year revolving/term credit facility was launched into syndication on September 1 via bookrunners Bank of China, HSBC and Standard Chartered Bank. The loan was upsized from HK$3.0 billion.
Eight banks have committed to join at the top -- Agricultural Bank of China,
Proceeds are for refinancing and working capital purposes. Banks have until September 21 to revert.
A HK$2.2 billion financing for Prosperity Reit, borrowed via Progain Group, was sealed in mid-August via bookrunners Standard Chartered Bank and Sumitomo Mitsui Banking Corp. The bookrunners pledged HK$215 million and HK$280 million respectively.
Final allocations saw mandated coordinating arrangers Scotiabank contribute HK$280 million and Public Bank commit HK$215 million.
The five-year transaction features a margin of 81bp over Hibor and is split into a HK$1.8 billion term loan and a HK$430 million revolving facility.
Proceeds are to refinance existing indebtedness and for general corporate purposes.
A $1.0 billion five-year facility for Sinochem
Final allocations saw all the bookrunners contribute $96 million apiece. Mandated lead arrangers Agricultural Bank of
The term facility features a margin of 100bp over Hibor and proceeds are for general corporate purposes.
A HK$1.1 billion four-year term loan facility for Xinyi Group (Glass) was signed on August 31 via sole bookrunner Citi. The deal was well oversubscribed and upsized from HK$1.0 billion.
The deal is priced at 127bp over Hibor and is guaranteed by the parent Xinyi Glass Holdings.
Cathay United Bank and Fubon Bank (
Proceeds are for refinancing and capital expenditure purposes.
Bajaj Energy’s Rs17.4 billion 12-year term loan was signed on August 25 via sole bookrunner and mandated lead arranger SBI Capital Markets.
The facility will be repaid in 40 quarterly installments with a six-month grace period.
Participants were Allahabad Bank, Bank of Baroda, Bank of India, Corporation Bank, Dena Bank, IDBI Bank, Oriental Bank of Commerce,
Proceeds are for to finance a thermal power project in the state of
An Rs8.5 billion 13.5-year term loan for Patna Highway Projects has been secured via sole bookrunner and mandated lead arranger YES Bank.
Sponsored by Gammon Infrastructure Projects, the facility will be repaid in 22 semi-annual installments with a 2.5-year grace period.
Syndication saw the lead pledge Rs5.2 billion, while participants Indian Bank and Federal Bank joined in with Rs2.5 billion and Rs750 million respectively.
Proceeds are for the construction and expansion of a highway in the northern Indian state of
Reliance Industries’ $1.0 billion-equivalent multi-tranche facility was signed on August 29 via a consortium of 14 mandated lead arrangers and bookrunners.
The loan is split into a $500 million-equivalent five-year term loan and a $500 million-equivalent seven-year tranche. The first tranche offers a margin of 145bp, while the second tranche features pricing of 170bp over either Libor or Euribor, depending on whether it is drawn in US dollars or euro.
Final allocations saw the leads -- Bank of America Merill Lynch, Bank of Tokyo-Mitsubishi UFJ, Barclays,
Lead arrangers Bank of Nova Scotia, Commonwealth Bank of Australia, Mega International Commercial Bank, Chinatrust Commercial Bank and Westpac contributed $30 million apiece, while co-arrangers Bank of East Asia and Maybank took $20 million each. Lead managers Bank of Taiwan lent $15 million and Taiwan Cooperative bank gave $12 million. Banca Monte dei Paschi di
Proceeds are for capital expenditure purposes.
Sole bookrunner HSBC completed a $250 million five-year term loan for PT Transportasi Gas Indonesia on August 30. The company's core business is transporting natural gas through a pipeline system to the domestic and international markets. It owns and operates 1,006 kilometres of onshore and offshore gas pipelines from Grissik to Duri and from Grissik to
Syndication saw
Proceeds are to refinance existing indebtedness, for capital expenditure and general corporate purposes.
Phu Bia Mining’s $102 million dual-tranche club deal has been inked via mandated leads
The three-year revolver comprises an $85 million facility and a $17 million portion.
Proceeds are to refinance a $207 million deal signed in September 2007.
TL Offshore’s $310 million multi-tranche debt package has been completed via sole bookrunner and mandated lead arranger Oversea-Chinese Banking Corp.
The deal is split into a $75 million three-year and nine-month letter of credit facility; a $180 million four-year revolver; and two three-year and six-month reducing revolvers of $40 million and $15 million respectively.
Final allocations saw the lead commit $130 million, while arrangers Maybank and Affin Investment Bank contributed $120 million and $14 million apiece. Participant Affin Bank took $46 million.
Proceeds are for working capital purposes.
New Zealand
A NZ$200 million two-year revolver for TR Group has been sealed via sole bookrunner and mandated lead arranger Commonwealth Bank of Australia.
Final allocations saw the lead take NZ$57 million, while participants Toyota Finance New Zealand and BOS International (Australia) gave NZ$105 million and NZ$38 million respectively.
Proceeds are to refinance existing indebtedness.
ECS Holdings’ $89 million three-year term loan and revolving credit facility was signed on August 30 via mandated lead arrangers and bookrunners Oversea-Chinese Banking Corp, Sumitomo Mitsui Banking Corp and United Overseas Bank. The deal was oversubscribed and upsized from $80 million.
Syndication saw Bank of East Asia (
Proceeds are to refinance a $55 million loan signed in January 2008 and for capital expenditure purposes.
A $70 million bullet loan for Ezra Holdings has been inked via mandated leads DBS Bank and HSBC.
Bank of East Asia, First Commercial Bank and Sumitomo Mitsui Banking Corp joined in as lead arrangers.
Proceeds are for refinancing and capital expenditure purposes.
Dongbu Steel signed a W700 billion credit facility on September 2 via sole bookrunner and mandated lead arranger Korea Development Bank.
The term loan is split into a seven-year W400 billion tranche and a five-year W230 billion tranche, which are priced at 340bp and 290bp over the three-year
Hana Bank, Korea Finance Corp, National Agricultural Cooperative Foundation (NACF), Shinhan Bank, and Woori Bank joined in as co-arrangers.
Proceeds are to refinance existing indebtedness.
Taiwan
A NT$2.8 billion debt package for B & B International Development was signed on August 31 via sole bookrunner and mandated lead arranger Land Bank of Taiwan.
The package comprises NT$2.4 billion and NT$220 million seven-year term loans and a NT$230 million revolver, which are priced at 120bp over the one-year average savings rate of Bank of Taiwan, Chang Hwa Commercial Bank, First Commercial Bank, Hua Nan Commercial Bank, Land Bank of Taiwan and Taiwan Cooperative Bank.
Allocations saw the lead lend NT$1.3 billion, while Agricultural Bank of Taiwan, Bank of Kaohsiung and Bank of Taiwan took NT$900 million, NT$300 million and NT$260 million respectively.
Proceeds are to refinance an existing loan signed in 2006, and to cover shopping centre renovations and working capital needs.
Kung Sing Engineering Corp secured a NT$1.6 billion facility last week via mandated lead arrangers First Commercial Bank, Hua Nan Commercial Bank, Land Bank of Taiwan, Taipei Fubon Commercial Bank, Taiwan Cooperative Bank and Mega International Commercial Bank.
Syndication saw the mandated leads commit NT$303 million apiece, while participant Taiwan Business Bank contributed NT$202 million.
Proceeds are to support a power plant project and for working capital purposes.
New Harmony Maritime and New Harvest Maritime’s seven-year dual-tranche term loan was signed on August 27 via sole bookrunner Citi.
The package comprises a ¥1.0 billion facility and a $42 million portion.
Syndication saw Chinatrust Commercial Bank, Mega International Commercial Bank, Shanghai Commercial & Savings Bank and Taipei Fubon Commercial Bank come in as lead arrangers.
Proceeds are for ship financing purposes.
Joint lead arrangers Bank of Taiwan and Taiwan Cooperative Bank sealed a $73 million equivalent five-year revolving credit for Supreme Electronics and Golden Supreme International on August 30.
The revolver is split into a NT$1.6 billion portion (which is available in both New Taiwan dollars and US dollars) and a $24 million tranche. The deal is priced at 75bp over the 90-day secondary CP rate if drawn in New Taiwan dollars, or at 80bp over three-month Libor if drawn in US dollars.
Cathay United Bank, Chang Hwa Commercial Bank, Land Bank of Taiwan, Taiwan Business Bank and Yuanta Commercial Bank joined in at lower tiers.
Proceeds are for working capital purposes.
,
Citic Pacific’s HK$4.8 billion five-year revolving/term credit facility was launched into syndication on September 1 via bookrunners Bank of China, HSBC and Standard Chartered Bank. The loan was upsized from HK$3.0 billion.
Eight banks have committed to join at the top -- Agricultural Bank of China,
Proceeds are for refinancing and working capital purposes. Banks have until September 21 to revert.
A HK$2.2 billion financing for Prosperity Reit, borrowed via Progain Group, was sealed in mid-August via bookrunners Standard Chartered Bank and Sumitomo Mitsui Banking Corp. The bookrunners pledged HK$215 million and HK$280 million respectively.
Final allocations saw mandated coordinating arrangers Scotiabank contribute HK$280 million and Public Bank commit HK$215 million.
The five-year transaction features a margin of 81bp over Hibor and is split into a HK$1.8 billion term loan and a HK$430 million revolving facility.
Proceeds are to refinance existing indebtedness and for general corporate purposes.
A $1.0 billion five-year facility for Sinochem
Final allocations saw all the bookrunners contribute $96 million apiece. Mandated lead arrangers Agricultural Bank of
The term facility features a margin of 100bp over Hibor and proceeds are for general corporate purposes.
A HK$1.1 billion four-year term loan facility for Xinyi Group (Glass) was signed on August 31 via sole bookrunner Citi. The deal was well oversubscribed and upsized from HK$1.0 billion.
The deal is priced at 127bp over Hibor and is guaranteed by the parent Xinyi Glass Holdings.
Cathay United Bank and Fubon Bank (
Proceeds are for refinancing and capital expenditure purposes.
Bajaj Energy’s Rs17.4 billion 12-year term loan was signed on August 25 via sole bookrunner and mandated lead arranger SBI Capital Markets.
The facility will be repaid in 40 quarterly installments with a six-month grace period.
Participants were Allahabad Bank, Bank of Baroda, Bank of India, Corporation Bank, Dena Bank, IDBI Bank, Oriental Bank of Commerce,
Proceeds are for to finance a thermal power project in the state of
An Rs8.5 billion 13.5-year term loan for Patna Highway Projects has been secured via sole bookrunner and mandated lead arranger YES Bank.
Sponsored by Gammon Infrastructure Projects, the facility will be repaid in 22 semi-annual installments with a 2.5-year grace period.
Syndication saw the lead pledge Rs5.2 billion, while participants Indian Bank and Federal Bank joined in with Rs2.5 billion and Rs750 million respectively.
Proceeds are for the construction and expansion of a highway in the northern Indian state of
Reliance Industries’ $1.0 billion-equivalent multi-tranche facility was signed on August 29 via a consortium of 14 mandated lead arrangers and bookrunners.
The loan is split into a $500 million-equivalent five-year term loan and a $500 million-equivalent seven-year tranche. The first tranche offers a margin of 145bp, while the second tranche features pricing of 170bp over either Libor or Euribor, depending on whether it is drawn in US dollars or euro.
Final allocations saw the leads -- Bank of America Merill Lynch, Bank of Tokyo-Mitsubishi UFJ, Barclays,
Lead arrangers Bank of Nova Scotia, Commonwealth Bank of Australia, Mega International Commercial Bank, Chinatrust Commercial Bank and Westpac contributed $30 million apiece, while co-arrangers Bank of East Asia and Maybank took $20 million each. Lead managers Bank of Taiwan lent $15 million and Taiwan Cooperative bank gave $12 million. Banca Monte dei Paschi di
Proceeds are for capital expenditure purposes.
Sole bookrunner HSBC completed a $250 million five-year term loan for PT Transportasi Gas Indonesia on August 30. The company's core business is transporting natural gas through a pipeline system to the domestic and international markets. It owns and operates 1,006 kilometres of onshore and offshore gas pipelines from Grissik to Duri and from Grissik to
Syndication saw
Proceeds are to refinance existing indebtedness, for capital expenditure and general corporate purposes.
Phu Bia Mining’s $102 million dual-tranche club deal has been inked via mandated leads
The three-year revolver comprises an $85 million facility and a $17 million portion.
Proceeds are to refinance a $207 million deal signed in September 2007.
TL Offshore’s $310 million multi-tranche debt package has been completed via sole bookrunner and mandated lead arranger Oversea-Chinese Banking Corp.
The deal is split into a $75 million three-year and nine-month letter of credit facility; a $180 million four-year revolver; and two three-year and six-month reducing revolvers of $40 million and $15 million respectively.
Final allocations saw the lead commit $130 million, while arrangers Maybank and Affin Investment Bank contributed $120 million and $14 million apiece. Participant Affin Bank took $46 million.
Proceeds are for working capital purposes.
New Zealand
A NZ$200 million two-year revolver for TR Group has been sealed via sole bookrunner and mandated lead arranger Commonwealth Bank of Australia.
Final allocations saw the lead take NZ$57 million, while participants Toyota Finance New Zealand and BOS International (Australia) gave NZ$105 million and NZ$38 million respectively.
Proceeds are to refinance existing indebtedness.
ECS Holdings’ $89 million three-year term loan and revolving credit facility was signed on August 30 via mandated lead arrangers and bookrunners Oversea-Chinese Banking Corp, Sumitomo Mitsui Banking Corp and United Overseas Bank. The deal was oversubscribed and upsized from $80 million.
Syndication saw Bank of East Asia (
Proceeds are to refinance a $55 million loan signed in January 2008 and for capital expenditure purposes.
A $70 million bullet loan for Ezra Holdings has been inked via mandated leads DBS Bank and HSBC.
Bank of East Asia, First Commercial Bank and Sumitomo Mitsui Banking Corp joined in as lead arrangers.
Proceeds are for refinancing and capital expenditure purposes.
Dongbu Steel signed a W700 billion credit facility on September 2 via sole bookrunner and mandated lead arranger Korea Development Bank.
The term loan is split into a seven-year W400 billion tranche and a five-year W230 billion tranche, which are priced at 340bp and 290bp over the three-year
Hana Bank, Korea Finance Corp, National Agricultural Cooperative Foundation (NACF), Shinhan Bank, and Woori Bank joined in as co-arrangers.
Proceeds are to refinance existing indebtedness.
Taiwan
A NT$2.8 billion debt package for B & B International Development was signed on August 31 via sole bookrunner and mandated lead arranger Land Bank of Taiwan.
The package comprises NT$2.4 billion and NT$220 million seven-year term loans and a NT$230 million revolver, which are priced at 120bp over the one-year average savings rate of Bank of Taiwan, Chang Hwa Commercial Bank, First Commercial Bank, Hua Nan Commercial Bank, Land Bank of Taiwan and Taiwan Cooperative Bank.
Allocations saw the lead lend NT$1.3 billion, while Agricultural Bank of Taiwan, Bank of Kaohsiung and Bank of Taiwan took NT$900 million, NT$300 million and NT$260 million respectively.
Proceeds are to refinance an existing loan signed in 2006, and to cover shopping centre renovations and working capital needs.
Kung Sing Engineering Corp secured a NT$1.6 billion facility last week via mandated lead arrangers First Commercial Bank, Hua Nan Commercial Bank, Land Bank of Taiwan, Taipei Fubon Commercial Bank, Taiwan Cooperative Bank and Mega International Commercial Bank.
Syndication saw the mandated leads commit NT$303 million apiece, while participant Taiwan Business Bank contributed NT$202 million.
Proceeds are to support a power plant project and for working capital purposes.
New Harmony Maritime and New Harvest Maritime’s seven-year dual-tranche term loan was signed on August 27 via sole bookrunner Citi.
The package comprises a ¥1.0 billion facility and a $42 million portion.
Syndication saw Chinatrust Commercial Bank, Mega International Commercial Bank, Shanghai Commercial & Savings Bank and Taipei Fubon Commercial Bank come in as lead arrangers.
Proceeds are for ship financing purposes.
Joint lead arrangers Bank of Taiwan and Taiwan Cooperative Bank sealed a $73 million equivalent five-year revolving credit for Supreme Electronics and Golden Supreme International on August 30.
The revolver is split into a NT$1.6 billion portion (which is available in both New Taiwan dollars and US dollars) and a $24 million tranche. The deal is priced at 75bp over the 90-day secondary CP rate if drawn in New Taiwan dollars, or at 80bp over three-month Libor if drawn in US dollars.
Cathay United Bank, Chang Hwa Commercial Bank, Land Bank of Taiwan, Taiwan Business Bank and Yuanta Commercial Bank joined in at lower tiers.
Proceeds are for working capital purposes.
