Bhubaneshwar Expressways’ Rs2.4 billion 14-year term loan has been secured by sole bookrunner and mandated lead arranger SBI Capital Markets.
Final allocations saw participants Punjab National Bank commit Rs700 million, while Axis Bank and L & T Infrastructure Finance lent Rs600 million each. India Infrastructure joined in with Rs540 million.
Proceeds are to support a highway project in the State of
A Rs4.0 billion 10.5-year term loan for Hamir Real Estate has been signed via sole bookrunner and mandated lead Yes Bank.
The facility is fully underwritten and will be repaid in 28 quarterly installments after a 3.5-year grace period.
Syndication saw the lead pledge Rs3.5 billion, while participant Corporation Bank gave Rs500 million. Proceeds are to part finance the construction and development of a shopping mall in Mohali,
The term loan comprises a $500 million 5.5-year tranche and a $1.0 billion five-year portion, which offer a margin of 195bp and 200bp over Libor respectively.
The leads were
Banco
The deal is guaranteed by the parent, Reliance Industries. Proceeds are for refinancing and capital expenditure purposes.
K M Toll Road’s Rs7.9 billion 15-year term loan was signed on January 25 via sole bookrunner Yes Bank.
The project is sponsored by Reliance Infrastructure. The debt will be repaid in 44 quarterly installments after a four-year grace period.
Final allocations saw the lead contribute Rs1.1 billion, while participants Corporation Bank and Andhra Bank gave Rs1.7 billion and Rs1.2 billion respectively. Bank of Maharashtra, Punjab & Sind Bank, State Bank of Bikaner & Jaipur and State Bank of Hyderabad joined in with Rs850 million apiece. Karnataka Bank rounded out the syndicate with Rs500 million.
Proceeds are to support a road extension project in the Indian state of Gujarat.
Reliance Communication’s $255 million loan was launched into syndication on January 21 via bookrunners and mandated lead arrangers
Proceeds are to refinance previous facilities used for 3G spectrum fee payments. Closing is slated for mid-February.
Tokyo Electric Power’s ¥62.0 billion 364-day revolver was signed on January 26 via sole bookrunner
The bullet loan saw Citibank, Intesa Sanpaolo and Norinchukin Bank join in as participants.
Proceeds are for general corporate purposes.
A $250 million three-year term loan for Export-Import Bank of Korea (Kexim) was signed as a club deal in early January via mandated lead arrangers Bank of Tokyo-Mitsubishi UFJ and Mizuho Corporate Bank (Seoul).
Proceeds are for general corporate purposes.
Aide Energy (Cayman) Holding’s $80 million three-year fundraising was sealed on January 24 via mandated leads Bank of Taiwan, Land Bank of Taiwan, Ta Chong Bank, Taishin International Bank, Taiwan Business Bank and Taiwan Cooperative Bank.
The loan is priced between 110bp and 130bp over Libor.
General syndication saw Cathay United Bank, Chang Hwa Commercial Bank, Hua Nan Commercial Bank, Mega International Commercial Bank, Shanghai Commercial & Savings Bank and Shin Kong Commercial Bank come in at lower tiers.
Proceeds are for working capital purposes.
A NT$4.8 billion seven-year dual-tranche term loan for Cando Corp was completed on January 24 via bookrunners Bank of Taiwan and First Commercial Bank. The deal was upsized from NT$4.0 billion.
The loan is split into a NT$4.3 billion tranche for capital expenditures and a NT$500 million portion for working capital. Both tranches are priced at 43bp over the 90-day primary CP rate.
Final allocations saw Bank of Taiwan and First Commercial Bank commit NT$700 million each, while Agricultural Bank of Taiwan, Cathay United Bank and Ta Chong Bank gave NT$560 million apiece. Taipei Fubon Commercial Bank, Taiwan Cooperative Bank and Mega International Commercial Bank contributed NT$470 million, NT$370 million and NT$280 million respectively, while Chung Hwa Commercial Bank, E Sun Commercial Bank and Hua Nan Commercial Bank came in with NT$200 million each.
Walton Advanced Engineering obtained a NT$1.5 billion three-year facility on January 25 via bookrunners and mandated lead arrangers China Development Industrial Bank, E Sun Commercial Bank, Industrial Bank of Taiwan, Taipei Fubon Commercial Bank, Taishin International Bank and Yuanta Commercial Bank.
The facility is priced at between 65bp and 75bp over the secondary CP rate with a 15bp commitment fee.
The mandated lead arrangers contributed NT$250 million each, except for E Sun Commercial Bank which lent NT$170 million. Participant Bank of
Proceeds are for debt repayments and working capital requirements.
