India
Abhijeet Toll Road (Karnataka) signed a Rs1.3 billion 14-year, six-month term loan last week through sole bookrunner and mandated lead arranger SBI Capital Markets.
The facility offers a margin of 275bp over the SBI base rate and will be repaid in 49 quarterly installments after a three-month grace period.
Final allocations saw participants State Bank of India provide Rs1.1 billion while India Infrastructure Finance Co committed Rs230 million.
Proceeds are for project financing purposes.
Indonesia
Harum Energy has successfully obtained a $270 million three-year revolving facility on a club basis through mandated lead arrangers ANZ Panin Bank, Bank of Tokyo-Mitsubishi UFJ, DBS, OCBC, and United Overseas Bank.
The facility was oversubscribed and upsized from $200 million, and offers a margin of 230bp over US dollar Sibor for offshore lenders, and 250bp for onshore lenders.
Proceeds are to refinance an existing $200 million facility signed in March 2010 and to finance any future investments and acquisitions.
Pakistan
DH Fertilizers has secured a PRs4.8 billion Islamic finance facility through joint lead arrangers Allied Bank, Meezan Bank and United Bank.
Syndication saw Al Baraka Islamic Bank, BankIslami and Burj Bank join in the syndication.
Proceeds are to refinance an existing PRs7.7 billion Islamic bond issued in 2007.
Taiwan
Taiflex Scientific has obtained a NT$1.8 billion facility last week through joint bookrunners and mandated lead arrangers Bank of Taiwan, E.Sun Commercial Bank, First Commercial Bank, Land Bank of Taiwan and Taipei Fubon Commercial Bank.
Final allocations saw Bank of Taiwan and Taipei Fubon Commercial Bank lend NT$280 million each while E.Sun Commercial Bank, First Commercial Bank and Land Bank of Taiwan pledged NT$260 million each. Participants Hua Nan Commercial Bank and Yuanta Commercial Bank gave NT$170 million each while Chang Hwa Commercial Bank ended up with NT$120 million.
Proceeds are for working capital purposes.
Tair Jiuh Enterprise and Cosmic International have completed a NT$350 million and a $12 million five-year multi-tranche credit facility through sole bookrunner Mega International Commercial Bank.
The transaction is split into a NT$250 million term loan, a NT$100 million revolver and a $12 million term loan. The facility is priced at 70bp and 80bp over one-year post office savings rate respectively for the NT dollar tranche and features a spread of 135bp over six-month Sibor for the US dollar portion.
Syndication saw Taiwan Cooperative Bank come in as a mandated lead arranger while E.Sun Commercial Bank, Taichung Commercial Bank and Taiwan Shin Kong Commercial Bank joined in as participants.
Proceeds are for capital expenditure and working capital purposes.
