Hong Kong
China Everbright Environmental Energy has obtained a $100 million five-year B-loan facility through bookrunners and mandated lead arrangers Mizuho and Hang Seng Bank.
The financing, arranged through an A/B-loan structure, comprises a $100 million ADB-direct loan (A-loan) and a $100 million commercial portion (B-loan). The borrower signed the A-loan in 2009.
Final syndication saw Bank of Kaohsiung, Cathay United Bank, Chang Hwa Commercial Bank and Export Development Canada join in as arrangers.
Proceeds are for the waste treatment development projects located in the Yangtze River Delta.
China Resources Land has obtained a $167 million-equivalent dual-tranche dual-currency club deal through mandated lead arrangers Agricultural Bank of China, DBS and Nanyang Commercial Bank.
The two-year term loan consists of a HK$1.2 billion tranche and a Rmb122 million portion.
Proceeds are for refinancing and general corporate purposes.
India
Bharat Forge has secured an $80 million five-year, 10-month term loan through bookrunners and mandated lead arrangers Bank of Tokyo-Mitsubishi UFJ, Credit Agricole and Royal Bank of Scotland.
Syndication saw Export-Import Bank of China, Industrial Bank of Taiwan and Mega International Commercial Bank join in as lead managers.
Proceeds are for refinancing and working capital purposes.
YES Bank has successfully obtained a $75 million three-year financing on a club basis through mandated lead arrangers State Bank of India and HSBC.
The facility offers a margin at 230bp over Libor and will be repaid on maturity.
Allocations saw State Bank of India contribute $50 million while HSBC provided $25 million.
Proceeds are for onward lending purposes.
Indonesia
Aneka Tambang has signed a mandate letter for a $650 million project financing through lead arrangers Bank Mandiri, Bank Rakyat Indonesia, Standard Chartered and SMBC.
The bank group also includes Deutsche Bank, Goldman Sachs and Mandiri Sekuritas.
Proceeds are to support the East Halmahera Ferronickel project.
Bajradaya Sentranusa successfully obtained a $331 million-equivalent multi-tranche financing through sole bookrunner and mandated lead arranger Maybank on Monday (January 30).
The 10-year debt package is split into a $188 million term loan, a Rp400 billion tranche and a $100 million Islamic loan portion.
Syndication saw Bank Bukopin and Export-Import Bank of Indonesia join in as participants.
Proceeds are to refinance existing facilities supporting the Asahan 1 Hydroelectric Power Plant in North Sumatra, Indonesia.
Taiwan
China Metal International Holdings has completed a $45 million facility through sole bookrunner and mandated lead arranger Bank SinoPac.
The transaction is split into a $45 million five-year term loan and a $27 million 360-day letter of credit. The first tranche is priced at 125bp over Sibor or 85bp over TAIFX3, whichever is higher, and will be repaid in 13 quarterly installments while the second tranche can be issued in dolalrs, euros or yen. The outstanding amount cannot exceed $45 million.
Syndication saw Taishin International Bank and Yuanta Commercial Bank come in as participants.
Proceeds are for capital expenditure purposes.
Kung Sing Engineering Corp secured a NT$4.1 billion six-year financing on Tuesday (January 31) through sole bookrunner and mandated lead arrangers Land Bank of Taiwan.
The transaction is split into a NT$2.4 billion term loan and a NT$1.6 billion guarantee facility. The term loan tranche offers a margin of 150bp over the secondary three-month CP rate and the guarantee facility is priced at 100bp.
Syndication saw Agricultural Bank of Taiwan, Bank of Kaohsiung, Bank SinoPac, First Commercial Bank, Taiwan Shin Kong Commercial Bank, Taichung Commercial Bank, Taiwan Cooperative Bank and Yuanta Commercial Bank join in as participants.
Proceeds are for the construction of highways.
Tatung signed a NT$750 million two-year term loan through bookrunners and mandated lead arrangers Bank SinoPac and Ta Chong Commercial Bank.
The facility offers a margin at 95bp over the secondary CP rate and will be repaid in four equal installments.
Allocations saw Bank SinoPac take NT$500 million while Ta Chong Commercial Bank provided NT$250 million.
Proceeds are to repay existing indebtedness.
Vietnam
Hung Hai Construction has obtained a ¥7.1 billion 12-year term loan through sole bookrunner and mandated lead arranger BNP Paribas.
Syndication saw Aozora Bank, Nishi Nippon City Bank and Shizuoka Bank join in the syndication.
The deal is guaranteed by NEXI. Proceeds are to support the Nam Ha 3 Hydropower plant project.
