Australia
SWM Finance has secured a A$2.1 billion facility through bookrunners and mandated lead arrangers ANZ, BOS International (Australia), Commonwealth Bank of Australia, Goldman Sachs, Mizuho Corporate Bank, National Australia Bank, SMBC, UBS and Westpac.
The debt package is split into a A$400 million three-year term loan, a A$575 million four-year term loan, a A$975 five-year term loan and a A$125 million five-year revolver.
Syndication saw Bank of America, Barclays and J.P. Morgan join in as mandated lead arrangers while Aozora Bank, First Commercial Bank, Taiwan Business Bank and Taiwan Cooperative Bank came in as participants.
Proceeds are to refinance existing indebtedness and for general corporate purposes.
Hong Kong
Victory City signed a $178 million-equivalent 3.5-year dual currency term loan through bookrunners and mandated lead arrangers HSBC, Hang Seng Bank, Citic Bank International and Mizuho Corporate Bank.
The facility is split into a HK$851 million portion and a $69 million tranche.
For the HK$ tranche, bookrunners HSBC lent HK$255 million while Citic Bank International pledged HK$100 million. Mizuho Corporate Bank committed HK$80 million while mandated arrangers Chinatrust Commercial Bank, Tai Fung Bank and United Overseas Bank came in with HK$74 million each. Arrangers Bank SinoPac and Cathay United Bank gave HK$45 million each while Wing Hang Bank and Wing Lung Bank joined in with HK$38 million each. Bank of East Asia ended up with HK$31 million.
For the US dollar tranche, Hang Seng Bank committed $33 million while lead arrangers First Commercial Bank and Chang Hwa Commercial Bank lent $7 million each. Arrangers Rabobank came in with $6 million while Bank of Taiwan and China Development Industrial Bank pledged $5 million each. Taiwan Business Bank and Hua Nan Commercial Bank contributed $4 million each.
Proceeds are to refinance an existing HK$928 million facility signed in December 2009 and for general corporate purposes.
India
Armada D1 has concluded a $100 million nine-month bridge loan through sole bookrunner and mandated lead arranger SBI Capital Market.
Sponsored by Bumi Armada, Clean Environment Investments and Shapoorji Pallonji, the facility is expected to be taken out by a $280 million term loan in about three to four months.
Final allocations saw Indian Overseas Bank contribute $40 million while Bank of Baroda and Bank of India ended up with $30 million each.
Proceeds are to support the construction of a floating production, storage and offloading vessel that will be leased to Forbes Bumi Armada Offshore under a bareboat charter agreement.
Shree Ganesh Jewellery House has successfully completed Rs27.7 billion one-year revolving facility through joint arrangers AXIS Bank and SBI Capital Market.
Syndication saw Allahabad Bank, Bank of Baroda, Bank of India, Bank of Maharastra, Central Bank of India, Corporation Bank, Dena Bank, Dhanlaxmi Bank, Export-Import bank of India, ICICI Bank, IDBI Bank, Karnataka Bank, Punjab National Bank, South Indian Bank, UCO Bank and United Bank of India came in as participants.
Proceeds are to support the expansion of the company’s manufacturing facilities.
SEW LSY Highways has signed a Rs17 billion 15-year term loan through sole bookrunner and mandated lead arranger SBI Capital Market.
Sponsored by SEW Infrastructure and Prasad & Co, the facility will be repaid in 46 quarterly installments with a six-month grace period.
Final allocations saw Punjab National Bank lend Rs3 billion while ICICI Bank pledged Rs2.7 billion. India Infrastructure Finance, Corporation Bank and Union Bank of India contributed Rs2.4 billion, Rs1.4 billion and Rs1.2 billion respectively. Central Bank, Indian Overseas Bank, Oriental Bank of Commerce and Punjab & Sind Bank came in with Rs900 million each while Dena Bank and Vijaya Bank brought Rs700 million each. State Bank of Hyderabad, State Bank of Mysore and State Bank of Patiala ended up with Rs450 million each.
Proceeds are to support the four-laning of Delhi-Saharanpur-Yamunotri section in the State of Uttar Pradesh, India.
Japan
Mitsubishi Corp is expected to sign a $1 billion 364-day revolver through mandated arrangers BTMU and Citi on 30th March 2012.
Syndication saw ANZ, Bank of America, Barclays, BNP, Credit Agricole, Deutsche Bank, HSBC, ING, J.P. Morgan, SG, Standard Chartered and UBS join in as participants.
Proceeds are to refinance an existing $1 billion facility signed in March 2011.
Malaysia
Klebang Capital has secured a $400 million three-year loan as a club deal through mandated lead arrangers Bank of Tokyo-Mitsubishi UFJ and OCBC Bank (Malaysia).
Guaranteed by Khazanah Nasional, final allocation saw Bank of Tokyo-Mitsubishi UFJ take $250 million and OCBC Bank (Malaysia) lent $150 million.
Proceeds are to refinance an existing facility signed in 2009.
Tanjung Bin Energy Issuer, subsidiary of Malakoff Corp, has obtained three project finance loans on a club basis though a consortium of local and international banks.
The debt package comprises a $400 million 15-year senior term loan, a M$700 million 12-year senior term loan and a M$1.3 billion five-year junior credit facility.
Mandated lead arrangers Bank of Tokyo-Mitsubishi UFJ, HSBC, Mizuho Corporate Bank, OCBC Bank (Malaysia) and SMBC joined in the US dollar tranche while Maybank Investment Bank and RHB Investment Bank funded the M$700 million portion.
The junior facility saw participation from Affin Investment Bank, CIMB Investment Bank, Maybank Investment Bank and RHB Investment Bank.
The project was also supported by a M$3.3 billion 20-year Islamic bond led by Maybank and HSBC. Proceeds are to support the development and construction of a coal fired power plant in Tanjung Bin, Malaysia.
Singapore
MS Commercial, MS Residential, MS Residential 2, Ophir-Rochor Commercial, Ophir-Rochor Hotel and Ophir-Rochor Residential have successfully secured a S$5 billion deal on a club basis through a consortium of eight banks.
The five-year, three-month debt package is split into a S$2.2 billion land loan, a S$2.7 billion construction loan and a S$75 million loan for interest servicing.
Final allocations saw mandated lead arrangers DBS, Maybank, OCBC and United Overseas Bank join in with S$850 million each while ANZ, Bank of Tokyo-Mitsubishi UFJ and SMBC gave S$500 million each. Lead arranger CIMB rounded up the syndicate with S$100 million.
Proceeds are to support two property project developments — Marine South and Ophir-Rochor in Singapore.
Taiwan
Auto Parts Industrial successfully completed a NT$2 billion five-year credit facility through sole bookrunner Entie Commercial Bank.
The guaranteed facility consists of a NT$1.3 billion term loan and NT$700 million revolver.
Final allocations saw the lead pledge NT$400 million while mandated lead arrangers Bank of Taiwan, First Commercial Bank and Taiwan Cooperative Bank brought in NT$300 million each. Participant Chang Hwa Commercial Bank and Sunny Bank came in with NT$200 million and NT$150 million respectively. Bank of Panhsin, Hwatai Bank and Shanghai Commercial & Savings Bank ended up with NT$100 million each.
Proceeds are to refinancing existing indebtedness and working capital purposes.
Jvan An International has secured a NT$2.4 billion five-year credit facility through joint bookrunners E Sun Commercial Bank and First Commercial Bank.
The secured debt package is split into a NT$1.3 billion term loan and a NT$1.1 billion revolver. The term offers a margin of 74bp over three-month postal saving rate while the revolver pays 85bp over the same benchmark.
Syndication saw Chang Hwa Commercial Bank join in as mandated lead arranger while Land Bank of Taiwan and Mega International Commercial Bank came in as co-arrangers. Bank of Taiwan, Cosmos Bank, Hua Nan Commercial Bank, Taiwan Cooperative Bank and Taiwan Shin Kong Commercial Bank joined in as managers.
Proceeds are to refinance previous NT$1.8 billion facility signed in 2007.
