China
East Hope (San Men Xia) Aluminium has signed a $140 million-equivalent three-year term loan through bookrunners and coordinating arrangers Credit Agricole and Standard Chartered.
The facility is split into a $106 million tranche and a HK$264 million portion.
Final allocations for the US dollar portion saw Standard Chartered provide $49 million while Credit Agricole lent $30 million. Mandated leads Bank of China and Wing Lung Bank gave $132 million each while Deutsche Bank contributed $17 million. Arranger Cathay United Bank rounded up the syndicate with $10 million. Bank of China and Wing Lung Bank pledged HK$132 million each in the Hong Kong dollar portion.
Proceeds are for working capital purposes.
Hong Kong
Citic Resources Holdings has completed a $380 million three-year term loan through mandated leads Bank of China, Bank of Tokyo-Mitsubishi UFJ, Citic Bank International, China Construction Bank, China Development Bank, Commonwealth Bank of Australia, HSBC, ICBC, Mizuho and SMBC.
The facility was 90% oversubscribed and upsized from $200 million, and comprises a $140 million tranche and a $240 million portion.
Proceeds are for refinancing and general corporate purposes.
Hollyfield Holdings and Shanghai Rui Hong Xin Cheng have obtained a $300 million-equivalent dual currency loan through sole bookrunner Standard Chartered.
The three-year transferable secured term loan comprises a HK$850 million tranche and a Rmb1.2 billion portion, which are priced at 450bp over Hibor and 125% of the PBoC rate, respectively.
Syndication saw Bank of East Asia, Cathay United Bank, Chang Hwa Commercial Bank, Chong Hing Bank and Citic Bank International join in as mandated lead arrangers.
Guaranteed by Shui On Land, proceeds are to support a residential project in Shanghai.
Pioneer Time Investment has sealed a HK$1.4 billion three-year term loan on a club basis through a consortium of four mandated lead arrangers.
Guaranteed by Chinese Estates Holdings, the facility is priced at 250bp over Hibor.
Mandated lead arrangers Bank of East Asia lent HK$500 million while Wing Lung Bank gave HK$400 million. Standard Chartered contributed HK$300 million while Public Bank ended up with HK$200 million.
Proceeds are for refinancing and general corporate purposes.
Right Lane has completed a $301 million-equivalent three-year term loan through bookrunners and mandated lead arrangers ANZ, Natixis, RBS and Wing Lung Bank.
The debt package comprises a $257 million tranche and a HK$343 million portion.
In the US dollar tranche, final allocations saw Natixis pledge $22 million while ANZ and RBS committed $20 million each. Mandated lead arrangers Bank of China gave $16 million while Bank of East Asia contributed $15 million. China Construction Bank, Chinatrust Commercial Bank and Mega International Commercial Bank joined in with $14 million each while lead arrangers Hua Nan Commercial Bank and Land Bank of Taiwan contributed $12 million each. Aozora Asia Pacific Finance, Bank of Taiwan, Chang Hwa Commercial Bank, Dah Sing Bank, First Commercial Bank, Jih Sun International Commercial Bank and Taiwan Cooperative Bank came in with $10 million each. Arrangers Bank Sinopac and Taiwan Business Bank came in with $7 million each while Bank of Kaohsiung, Bank of Panhsin and Taiwan Shin Kong Commercial Bank ended up with $5 million each.
In the Hong Kong dollar portion, mandated lead Wing Lung Bank lent HK$156 million, while lead arrangers Taishin International Bank and Cathay United Bank lent HK$109 million and HK$78 million respectively.
Proceeds are for general corporate purposes.
India
GSPL India Transco obtained a Rs50.8 billion 14-year term loan last Friday (June 29) through sole bookrunner and mandated lead arranger SBI Capital Markets.
The facility is split into a Rs47.2 billion tranche and a Rs3.6 billion portion, and will be repaid in 37 quarterly installments after one-year grace period.
Syndication saw Allahabad Bank, Bank of India, Canara Bank, Corporation Bank, Dena Bank, Federal Bank, Indian Bank, Punjab National Bank, Punjab & Sind Bank, Syndicate Bank, State Bank of Mysore, Union Bank of India, United Bank of India and Vijaya Bank come in as participants.
Proceeds are for the construction of gas pipelines
Jindal ITF has signed a Rs3 billion eight-year term loan through sole bookrunner and mandated lead arranger ICICI Bank.
Sponsored by Jindal Saw, the facility will be repaid in 24 quarterly installments.
Final allocations saw the lead take Rs1.6 billion while participants Central Bank of India and Dena Bank provided Rs500 million each. Export-Import Bank of India ended up with Rs400 million.
Proceeds are for the development of a thermal power plant.
Indonesia
Ecogreen Oleochemicals has obtained a $110 million five-year term loan on a club-basis through mandated lead arrangers Bank of Tokyo-Mitsubishi UFJ, UOB and Rabobank.
Proceeds are for general corporate purposes.
Para Bandung Propertindo has secured a $120 million five-year term loan on a club-basis through mandated lead arrangers Credit Suisse, HSBC, Standard Chartered and SMBC.
The facility is priced at 550bp over Libor.
Proceeds are to support a real estate development project in Bandung, Indonesia.
Malaysia
Peninsular Medical has signed a M$458 million loan through mandated lead arrangers Bank Kerjasama Rakyat Malaysia, Bank Muamalat and CIMB.
The deal consists of a M$444 million 15-year tranche and a M$15 million five-year bullet portion.
Proceeds are to support the development and asset management services of Kuanta Teaching Hospital.
Singapore
British and Malayan Trustees as trustee of Frasers Commercial Trust has completed two separate club facilities.
The first facility is a S$320 million three-year term loan provided by mandated lead arrangers Commonwealth Bank of Australia and DBS, and pays a margin of 155bp over the Singapore swap offer rate.
The second facility is a S$185 million five-year term loan provided by mandated lead arrangers OCBC and Standard Chartered, and priced at 183bp over the Singapore swap offer rate.
Proceeds are to refinance an existing S$500 million facility signed in September 2009.
Taiwan
Anderson Industrial Corp successfully completed a NT$1 billion five-year facility last Thursday (June 28) through joint bookrunners and mandated lead arrangers Bank of Taiwan, E.Sun Commercial Bank and Hua Nan Commercial Bank.
The transaction comprises a NT$600 million term loan and a NT$400 million revolver, which are priced at 105bp and 100bp over the secondary commercial paper rate, respectively.
Final allocations saw E.Sun Commercial Bank contribute NT$250 million while Bank of Taiwan pledged NT$200 million. Hua Nan Commercial Bank gave NT$150 million while participants Bank SinoPac, DBS, Taiwan Business Bank and Yuanta Commercial Bank committed NT$100 million each.
Proceeds are for refinancing and working capital purposes
Joinsoon Electronics Manufacturing completed a NT$500 million and $14.5 million three-year revolving facility last Wednesday (June 27) through bookrunners and mandated lead arrangers Bank SinoPac, Chinatrust Commercial Bank, E.Sun Commercial Bank and Taipei Fubon Commercial Bank.
The transaction consists of a NT$500 million revolver, a $10 million portion and a $4.5 million tranche.
Syndication saw First Commercial Bank and Shanghai Commercial & Savings Bank join in as participants.
Proceeds are to refinance a NT$500 million facility signed on March 10 2010 and for working capital purposes.
Unity Opto Technology concluded a NT$2 billion five-year financing last Thursday (June 28) through bookrunners and mandated lead arrangers First Commercial Bank and Taiwan Cooperative Bank.
The transaction comprises a NT$1 billion term loan and a NT$1 billion revolver.
Final allocations saw Taiwan Cooperative Bank provide NT$600 million while First Commercial Bank brought in NT$500 million. Mandated lead arrangers Chang Hwa Commercial Bank and Taipei Fubon Commercial Bank committed NT$400 million and NT$300 million respectively while participants Agricultural Bank of Taiwan and E.Sun Commercial Bank ended up with NT$100 million each.
Proceeds are to repay existing indebtedness and for working capital purposes.
