Australia
Onesteel has completed a A$330 million four-year revolver through bookrunners and mandated lead arrangers BOS International, Commonwealth Bank of Australia, NAB and Westpac.
Final allocations saw the leads commit A$40 million each while mandated leads Mizuho, SMBC and Bank of Tokyo-Mitsubishi UFJ pledged A$40 million each. Lead arrangers ANZ and HSBC lent A$20 million each while lead manager Hua Nan Commercial Bank ended up with A$10 million.
Proceeds are to refinance an existing A$590 million facility signed in August 2010.
Qube Logistics Holdings concluded a A$550 million four-year facility through underwriters and mandated lead arrangers Commonwealth Bank of Australia and NAB.
The debt package consists of a A$350 million revolver and a A$200 million term loan.
Syndication saw ANZ join in as mandated lead arranger.
Proceeds are for refinancing, working capital, general corporate purposes, and to support the A$82 million acquisition of Moorebank Industrial Property Trust from Stockland.
China
Far East Horizon has obtained a $200 million two-year, six-month term loan through bookrunners and mandated lead arrangers Bank of East Asia, Cathay United Bank, Taishin International Bank, Taiwan Cooperative Bank and UBS.
Syndication saw Bank of Kaohsiung, Bank SinoPac, China Development Industrial Bank, E.Sun Commercial Bank, First Commercial Bank, Hua Nan Commercial Bank, Industrial Bank of Taiwan, Jih Sun Commercial Bank, Land Bank of Taiwan, Mega International Commercial Bank, Sunny Bank, Ta Chong Bank, Taiwan Business Bank and Taiwan Shin Kong Commercial Bank come in as arrangers.
Proceeds are for general corporate purposes
Hong Kong
Franshion Properties (China) has closed a $200 million three-year term loan on a club basis through Bank of East Asia, Shanghai Pudong Development Bank and Wing Lung Bank.
Proceeds are for working capital purposes. Signing is expected to take place by the end of June.
India
Indian Synthetic Rubber has obtained a $111 million 10-year term loan through sole bookrunner and mandated lead arranger Mizuho.
Final allocations saw the lead contribute $44 million while JBIC lent $67 million as participant.
Proceeds are to finance the purchase of equipment.
Jaiprakash Power Ventures has concluded a Rs3.3 billion 11-year, six-month term loan through sole bookrunner and mandated lead arranger IDBI Bank.
Final allocations saw the lead take Rs750 million while participant Central Bank of India contributed Rs1 billion. Punjab National Bank provided Rs650 million while Jammu & Kashmir Bank, State Bank of Patiala and Union Bank of India ended up with Rs300 million each.
Proceeds are for the construction of a coal based power project.
Meja Urja Nigam secured a Rs75.7 billion 15-year term loan through sole bookrunner and mandated lead arranger SBI Capital Markets.
The facility offers a margin of 245bp over the SBI base rate and will be repaid in 40 quarterly instalments after a five-year grace period.
Syndication saw Allahabad Bank, Bank of Baroda, Bank of India, Central Bank of India, Corporation Bank, Indian Overseas Bank, Jammu & Kashmir Bank, L&T Infrastructure Finance Co, Oriental Bank of Commerce, Punjab & Sind Bank, Punjab National Bank, State Bank of Hyderabad, State bank of India, State Bank of Patiala, United Bank of India and Vijaya Bank come in as participants.
Proceeds are for the construction of a 1,320MW thermal power plant.
Tuticorin Coal Terminal signed a Rs3.3 billion 14-year term loan last Thursday (June 7) through mandated lead arrangers Bank of India and Kotak Mahindra Bank.
Syndication saw Bajaj Finance, Export-Import Bank of India, India Infrastructure Finance Co, Indian Bank, Indian Overseas Bank and Oriental Bank of Commerce join in as participants.
Proceeds are for the development of cargo berths.
Indonesia
Margabumi Adhikaraya signed an Rp817 billion dual-tranche term loan through sole bookrunner and mandated lead arranger Bank Mandiri.
The debt package comprises a Rp699 billion tranche and a Rp118 billion portion.
Final allocations saw the sole lead take Rp467 billion while participants Bank DKI came in with Rp150 billion. Bank BJB and Bank Jatim rounded up the syndicate with Rp100 billion each.
Proceeds are to support the Gempol-Pandaan Toll Road project in East Java.
Transmarga Jatim Pasuruan has obtained a Rp1.94 trillion 15-year loan through bookrunners and mandated lead arrangers Bank Negara Indonesia, Bank Mandiri and Bank Raykat Indonesia.
Syndication saw Bank Jatim come in as a participant.
Proceeds are to finance the Gempol-Pasuruan Toll Road project in East Java.
Japan
Itochu Corp has obtained a $500 million 364-day revolving credit facility through sole bookrunner and mandated lead arranger Citi.
Syndication saw Credit Agricole join in as a mandated lead arranger and other undisclosed participants come in as lower tiers.
Proceeds are to refinance an existing $500 million facility signed in May 2011.
Malaysia
Malaysian Airline System has signed a M$1 billion bridge facility through sole bookrunner and mandated lead arranger CIMB.
Final allocations saw participant Export-Import Bank of Malaysia provide M$600 million while CIMB committed M$400 million.
Proceeds are for capital expenditure purposes.
Singapore
Asahi Kasei Rubber Singapore has obtained a $90 million seven-year term loan on a club-basis through mandated lead arranger Bank of Tokyo-Mitsubishi UFJ, Mizuho, Norinchukin Bank, SMBC and Sumitomo Mitsui Trust Bank.
Final allocations saw the leads contribute $18 million each.
Proceeds are for capital expenditure purposes.
South Korea
Korea Railroad Corp has signed a $200 million three-year loan-style floating rate note on a club-basis through mandated lead arrangers Citi, DBS, HSBC and Standard Chartered.
The facility is priced at 160bp over Libor.
Proceeds are to refinance existing indebtedness and general corporate purposes.
Gunvor Singapore successfully completed a $635 million one-year revolver through bookrunners and mandated lead arrangers ANZ, Arab Petroleum Investment Corp, China Development Bank, DBS, First Gulf Bank, ING, National Australia Bank, Societe Generale and SMBC. The deal was oversubscribed and upsized from $470 million.
Syndication saw 19 additional banks join in at lower tiers.
Proceeds are for refinancing and working capital purposes.
Taiwan
Vedan Enterprise Corp signed a NT$3.5 billion term loan on Tuesday (June 12) through bookrunners and mandated lead arrangers Bank of Taiwan, First Commercial Bank, Land Bank of Taiwan, Mega International Commercial Bank, Taichung Bank and Taiwan Cooperative Bank.
The upsized facility is split into a NT$1.7 billion tranche and a NT$1.8 billion portion, priced at 85bp and 95bp over one-year average savings rate of the six bookrunners, respectively.
Final allocations saw Land Bank of Taiwan take NT$800 million while Taichung Bank provided NT$500 million. Bank of Taiwan, Mega International Commercial Bank and Taiwan Cooperative Bank contributed NT$450 million each while First Commercial Bank pledged NT$350 million. Participants Bangkok Bank and Chang Hwa Commercial Bank joined in with NT$325 million and NT$175 million respectively.
Proceeds are to refinance a NT$3.5 billion deal signed in June 2008 and for working capital purposes.
