China
Sinochem International FZE has secured a $65 million eight-year term loan on a club basis through mandated lead arrangers ANZ and Societe Generale.
Final allocations saw ANZ lend $40 million while Societe Generale contributed $25 million.
Proceeds are for ship financing purposes.
India
Gujarat State Petroleum Corp has obtained a $200 million 10-year term loan through sole bookrunner and mandated lead arranger SBI Capital Markets.
Final allocations saw participant Bank of India give $100 million while Bank of Baroda and Indian Bank committed $50 million each.
Proceeds are for project financing purposes
Malaysia
Armada TGT, subsidiary of Bumi Armada, successfully obtained a $341 million club financing seven mandated lead arrangers Bank of Tokyo-Mitsubishi UFJ, CIMB, ING, Maybank, OCBC, RHB Bank and SMBC.
The 6.25-year debt package is split into a $319 million term loan, a $17 million letter of credit and $5 million guarantee facility.
Proceeds are for the conversion and installation of the FPSO Armada TGT for deployment in offshore Vietnam.
Singapore
Korea Development Bank has signed a $40 million two-year term loan through sole bookrunner ANZ.
Final allocations saw the lead contribute $20 million while mandated lead arrangers Norinchukin Bank and NTT Leasing came in with $10 million each.
Proceeds are to repay existing indebtedness and for general corporate purposes.
South Korea
Industrial Bank of Korea, acting through its Tokyo Branch, has signed a $50 million one-year club loan through mandated lead arrangers ANZ and Standard Chartered.
The transferable facility is priced at 90bp over Libor.
Final allocations saw Standard Chartered took $30 million while ANZ contributed $20 million.
Proceeds are for refinancing and general corporate purposes.
KEXIM Asia signed a $30 million one-year term loan in early December through sole bookrunner Standard Chartered.
Guaranteed by KEXIM, the facility is priced at 100bp over Libor.
Syndication saw Standard Chartered and participant Apple Bank for Savings contribute equally to the facility.
Proceeds are for refinancing purposes.
Taiwan
Jih Sun International Leasing & Finance has completed a NT$3.2 billion three-year revolver through bookrunners and mandated lead arrangers Bank of Taiwan and Hua Nan Commercial Bank.
The facility offers a margin at 120bp over secondary CP rate and a commitment fee of 25bp if less than 60% is drawn.
Final allocations saw the leads contribute NT$600 million each while participants Agricultural Bank of Taiwan, First Commercial Bank, Land Bank of Taiwan, Mega International Commercial Bank, Taichung Commercial Bank and Taishin International Bank took NT300 million each. Chang Hwa Commercial Bank and Cosmos Bank ended up with NT$100 million each.
Proceeds are for working capital purposes.
Kenly Precision Industrial has secured a NT$550 million fundraising through sole bookrunner and mandated lead arranger Bank of Taiwan.
The underwritten facility is split into a NT$270 million five-year term loan priced at 65bp over the 90-days primary CP rate, and a NT$280 million five-year revolver priced at 75bp over the 90- or 180-day primary CP rate.
Final allocations saw the lead commit NT$220 million while Mega International Commercial Bank and Hua Nan Commercial Bank came in as participants with NT$165 million each.
Proceeds are for refinancing existing indebtedness and working capital purposes.
Rechi Holdings has completed a $50 million five-year term loan through bookrunners and mandated lead arrangers Jih Sun International Bank, Land Bank of Taiwan and Mega International Commercial Bank.
Syndication saw the leads provide $11 million, $9 million and $8 million respectively while participants Bank of Taiwan, Bank SinoPac, Far Eastern International Bank, Ta Chong Commercial Bank and Taiwan Business Bank came in with $4 million each. Hua Nan Commercial Bank ended up with $3 million.
Proceeds are for working capital purposes.
Shieh Yih Machinery Industry successfully obtained a NT$1.8 billion equivalent five-year revolver on Tuesday (December 13) through bookrunners and mandated lead arrangers Bank SinoPac, First Commercial Bank and Hua Nan Commercial Bank.
The debt package comprises a NT$1.8 billion tranche and a $17 million portion and the total withdrawal loan amount cannot exceed NT$1.8 billion-equivalent.
Syndication saw Chang Hwa Commercial Bank, E.Sun Commercial Bank, Industrial Bank of Taiwan, Jih Sun International Bank, Mega International Commercial Bank, Ta Chong Commercial Bank and Taipei Fubon Commercial Bank come in as participants.
Proceeds are to refinance existing bilateral loans and for working capital purposes.
