Australia
AMPCI Macquarie Infrastructure Management No 2 has secured a A$545 million dual-tranche term loan on a club basis through mandated leads ANZ, Commonwealth Bank of Australia, National Australia Bank and Westpac.
The deal is split into a A$345 million one-year tranche and a A$200 million three-year portion. All banks contributed equally to the facility.
Proceeds are for general corporate purposes.
Brickworks secured a A$300 million four-year revolver last Thursday (June 16) through sole bookrunner and mandated lead arranger National Australia Bank.
Syndication saw the lead commit A$80 million while participants ANZ, Commonwealth Bank of Australia, St George Bank and SMBC provided A$55 million each.
Proceeds are to repay existing debt.
FBG Treasury (Aust) successfully signed a A$300 million three-year revolver through a consortium of 10 banks.
Final allocations saw sole bookrunner Commonwealth Bank of Australia provide A$45 million while participants Westpac and National Bank of Australia lent A$40 million and A$35 million respectively. ANZ, BNP Paribas and Rabobank gave A$30 million each while Bank of Tokyo-Mitsubishi UFJ and Citi contributed A$25 million each. Bank of America and Bank of Nova Scotia rounded up the syndicate with A$20 million each.
Proceeds are for general corporate purposes.
Hong Kong
GDH has successfully secured a $536 million-equivalent dual currency four-year term loan through a syndicate of nine banks.
The transaction is split into a $390 million facility and a HK$1.14 billion tranche which are priced at 200bp over Libor or Hibor respectively.
In the US dollar tranche, ICBC (Asia) committed $100 million while Dah Sing Bank, Hang Seng Bank, Maybank and United Overseas Bank took $60 million each with DBS contributing $50 million.
In the Hong Kong dollar tranche, Wing Lung Bank gave HK$400 million while Bank of East Asia and Standard Chartered (Hong Kong) rounded up the syndicate with HK$390 million and HK$350 million respectively.
Proceeds are for working capital and future acquisitions purposes.
Henderson Land Finance (2011) successfully signed a HK$10 billion five-year self-arranged facility yesterday (June 22) through a consortium of 17 banks. The deal was oversubscribed and upsized from HK$5 billion and was priced at 75bp over Hibor.
Final allocations saw mandated leads Bank of Tokyo-Mitsubishi UFJ and Mizuho Corporate Bank pledge HK$1.5 billion while Bank of China (Hong Kong), HSBC and SMBC provided HK$1 billion. Bank of Communications, China Merchants Bank, ING, OCBC and United Overseas Bank lent HK$500 million each. Participants ANZ gave HK$300 million while Chong Hing Bank, Credit Agricole, DBS, Scotiabank (Hong Kong), Shanghai Pudong Development Bank and Standard Chartered (Hong Kong) came in with HK$200 million each.
Proceeds are to refinance existing indebtedness.
Swire Finance’s HK$9 billion five-year self-arranged financing has been completed through a consortium of nine international banks. The deal was oversubscribed and significantly upsized from HK$6 billion.
Guaranteed by Swire Pacific, the financing is split equally into a term loan and a revolving credit which are priced at 85bp over Hibor.
Lenders Bank of Tokyo-Mitsubishi UFJ, Citibank, Credit Agricole, Deutsche Bank, HSBC, Mizuho Corporate bank, National Australia Bank, Standard Chartered and SMBC contributed equally to the financing.
Proceeds are for working capital purposes.
India
Shipping Corp of India completed a $216 million dual-tranche facility last week (June 13) through sole bookrunner and mandated lead arranger State Bank of India.
The deal is priced at 160bp over Libor. It consists of a $90 million 6.5-year tranche and a $126 million 10.5-year portion which will be repaid in 12 and 20 semi-annual installments respectively.
Syndication saw the lead pledge $151 million while lead arrangers Mizuho Corporate Bank provided $20 million. Bank of Tokyo-Mitsubishi UFJ, First Commercial Bank, Mega International Commercial Bank and Taiwan Business Bank lent $10 million each. Arranger Chang Hwa Commercial Bank rounded up the syndicate with $5 million.
Proceeds are to support the borrower’s purchase of six new vessels.
State Bank of India completed a $460 million facility on Tuesday (June 21) through a consortium of 10 bookrunners and underwriters.
The three-year term loan, which was upsized from $300 million, features a margin of 105bp over Libor.
Final allocations saw the leads ANZ, Bank of America, Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Citigroup Global Markets Asia, Credit Agricole, HSBC, Mizuho Corporate Bank, Royal Bank of Scotland and Standard Chartered take $30 million each while Hua Nan Commercial Bank and Taiwan Cooperative Bank came in as mandated lead arrangers with $20 million each.
Lead arrangers Mega International Commercial Bank committed $15 million while arrangers Bank Sinopac, BRED Banque Populaire, Export-Import Bank of the Republic of China, Far Eastern International Bank, First Commercial Bank, Land Bank of Taiwan, Oberbank, Taiwan Business Bank joined in with $10 million each. Lead Managers Bank of Taiwan, Chang Hwa Commercial Bank, Chiba Bank, E.Sun Commercial Bank and Sunny Bank ended up with $5 million each.
Proceeds are for general corporate purposes.
A Rs2.2 billion 15-year term loan for Tangnu Romai Power Gen has been sealed through sole bookrunner and underwriter Axis Bank.
The loan package will be repaid in 40 quarterly installments after a five-year grace period.
Final allocations saw the Axis Bank provide Rs760 million while participants Punjab National Bank and State Bank of India lent Rs740 million each.
Proceeds are to support the construction of a hydropower plant in Himachal Pradesh, India.
New Zealand
A NZ$283 million dual-tranche facility for Britomart Group and Whitecloud Property Holdings has been completed on a club basis through joint mandated leads Bank of New Zealand and Westpac.
The term loan facility is evenly split with tenors of three and five years. Proceeds are to refinance a NZ$255 million facility signed in December 2008.
Philippines
A $175 million six-year term loan for Energy Development Corp was completed on a club basis last Friday (June 17) through a consortium of seven mandated lead arrangers.
Final allocations saw ANZ provide $55 million while Standard Chartered (Philippine) gave $25 million. Bank of Tokyo-Mitsubishi UFJ (Hong Kong), Maybank and Mizuho Corporate Bank lent $23.5 million each while ING (Manila) contributed $15 million. Chinatrust Commercial Bank (Hong Kong) rounded up with $9.5 million.
Proceeds are to refinance a $175 million facility signed in June 2010.
Singapore
Vitol Asia has secured a $1.6 billion financing through a consortium of 12 bookrunners ANZ, Bank of China, Commonwealth Bank of Australia, DBS, HSBC, ING, National Australia Bank, OCBC, Standard Chartered, SMBC, United Overseas Bank and Westpac.
Guaranteed by the parent Vitol Holding, the one-year facility is priced at 90bp over Libor.
Final allocations saw the bookrunners take $100 million each while mandated lead arrangers Agricultural Bank of China, Chinatrust Commercial Bank, Intesa Sanpaolo and KBC Bank contributed $50 million each. Land Bank of Taiwan lent $30 million while Bank Mandiri took $25 million. Bank of Tokyo-Mitsubishi UFJ, First Gulf Bank and Mega International Commercial Bank pledged $20 million each while lead arrangers Bank of Taiwan, Chang Hwa Commercial Bank and First Commercial Bank gave $15 million each. Arab Bank and Hua Nan Commercial Bank committed $10 million respectively while Industrial & Commercial Bank of China ended up with $5 million.
Proceeds are to refinance $1.7 billion financing signed in June 2010.
South Korea
National Federation Of Fisheries Cooperatives – Suhyup Bank has signed an ¥18 billion dual-tranche facility on a club basis through a consortium of nine mandated lead arrangers. The term loan comprises a ¥13 billion one-year tranche and a ¥5 billion two-year facility.
Final allocations saw mandated leads Bank of America, Commerzbank, Credit Agricole, ING, LBBW, Mizuho Corporate Bank, OCBC, Standard Chartered (Hong Kong) and Wells Fargo Bank contribute equally into the financing.
Proceeds are for working capital purposes.
Shinhan Bank signed a €150 million 366-day term loan on a club basis through mandated lead arrangers ANZ, Barclays, BNP Paribas, Commerzbank, Credit Agricole, HSBC, ING, LBBW, Natixis and Standard Chartered.
Syndication saw the leads contribute equally into the facility.
Proceeds are to refinance €150 million term loan facility signed in May 2010 and for general corporate purposes.
Woori Bank has obtained a $227 million multi-tranche facility through mandated lead arrangers and bookrunners Commerzbank, Credit Agricole, HSBC, Mizuho Corporate Bank, Standard Chartered (Hong Kong) and Wells Fargo Bank. The facility was upsized from $180 million.
The debt package is split into a $105 million one-year term loan, a $67 million two-year term loan and a $55 million three-year term loan.
The bookrunners each contributed $30 million each while lead arranger United Overseas Bank committed $20 million. Arranger Taiwan Cooperative Bank contributed $7 million while lead managers Far Eastern International Bank, First Commercial Bank, Mega International Commercial Bank and United Taiwan Bank rounded up the syndicate with $5 million respectively.
Proceed are for general corporate purposes.
Taiwan
CMP Group signed a NT$1.5 billion three-year credit facility on Tuesday (June 21) through sole bookrunner Taishin International Bank.
Final allocations saw the bookrunner pledge NT$500 million while arranger Bank Sinopac has also committed NT$500 million. Lead manager Chinatrust Commercial Bank and Ta Chong Bank lent NT$200 million each and manager Bank of Taiwan contributed NT$100 million.
The guaranteed term loan is priced at 110bp over the secondary CP rate.
Proceeds are to refinance the NT$1.2 billion facility signed in November 2009.
A NT$4.8 billion dual-tranche five-year credit facility for Wafer Works was completed on Tuesday (June 21) through bookrunners Land Bank of Taiwan and Taipei Fubon Bank.
The deal consists of NT$3.6 billion term loan and NT$1.2 billion revolver tranches priced at 80bp above the secondary CP rate.
Syndication saw Far Eastern International Bank, First Commercial bank, Hua Nan Commercial Bank, and Taishin International Bank join in as arrangers while Bank of Taiwan, Mega International Commercial Bank, Shanghai Commercial & Savings Bank, Taiwan Cooperative Bank, and Yuanta Commercial Bank.
Proceeds are for capital expenditure and working capital purposes.
Unitech Printed Circuit Board sealed a NT$3 billion five-year multi tranche facility on Tuesday (June 21) through joint bookrunners Bank of Taiwan and Taishin International Bank.
The deal consists of NT$500 million and NT$2 billion term loan tranches and NT$500 million revolver portion. It is priced at 90bp above secondary CP rate with a 2% interest rate floor.
Final allocations saw mandated lead arrangers Bank of Taiwan, Mega International Commercial Bank, Taishin International Bank, Taipei Fubon Commerical Bank, and Taiwan Cooperative Bank pledge NT$480 million each while manager First Commercial Bank gave NT$300 million. Participants Chung Hwa Commerical Bank and Shanghai Commercial & Savings Bank lent NT$150 each.
Proceeds are to refinance a previous NT$2 billion facility signed in 2008, and for capital expenditure and working capital purposes.
