Australia
Integra Mining has secured a A$20 million cash advance facility through mandated lead arrangers BNP Paribas and Westpac.
Proceeds are for fast track exploration, refinancing, fund acquisitions and working capital purposes.
China
Yieh Phui (China) Technomaterial has concluded a $54 million-equivalent dual-currency financing through sole bookrunner and mandated lead arranger BNP Paribas (China).
Guaranteed by Yieh Phui Enterprise, the three-year deal comprises a Rmb260 million tranche and a $13 million portion.
In the renminbi tranche, final allocations saw the sole lead and mandated lead arrangers China Merchants Bank and Hang Seng Bank take Rmb70 million each while lead arranger First Sino Bank and Bangkok Bank committed Rmb30 million and Rmb20 million, respectively.
In the US dollar portion, final allocations saw lead arrangers Chang Hwa Commercial Bank, First Commercial Bank and Taiwan Cooperative Bank join in with $4 million each, while arranger Land Bank of Taiwan gave $2 million.
Proceeds are for refinancing and working capital purposes.
India
Essar Projects has signed a Rs30.7 billion revolving facility through sole bookrunner and mandated lead arranger IDBI Bank.
The debt package comprises a Rs6.2 billion tranche and a Rs24.5 billion portion.
Syndication saw Central Bank of India, Corporation Bank, Dena Bank, ICICI Bank, ING Vysya Bank, Lakshmi Vilas Bank and Union Bank of India come in as participants.
Proceeds are for working capital purposes.
Jindal Steel & Power (Mauritius) has sealed a $150 million five-year term loan through bookrunners ANZ, National Australia Bank and Standard Chartered.
Syndication saw Bank of Tokyo-Mitsubishi UFJ join in as a mandated lead arranger while Aozora Bank came in as a lead arranger. Bank of Taiwan and Cathay United Bank joined in as arrangers.
Proceeds are to refinance existing indebtedness and for capital expenditure purposes.
Power Finance Corp has signed a $250 million three-year loan through mandated lead arrangers and bookrunners Bank of Tokyo-Mitsubishi UFJ and Mizuho.
Syndication saw Aozora Bank, Bank of Nova Scotia and Sumitomo Mitsui Trust Bank join in as arrangers, while Bank of Taiwan, Cathay United Bank, Chang Hwa Commercial Bank, Chugoku Bank, E.Sun Commercial Bank, First Commercial Bank, Hua Nan Commercial Bank, Mega International Commercial Bank, Land Bank of Taiwan, Tokyo Star Bank, Taiwan Cooperative Bank and United Taiwan Bank came in at lower tiers.
The deal was oversubscribed and upsized from $100 million. Proceeds are for general corporate purposes.
Taiwan
Gordon Auto Body Parts signed a NT$950 million five-year facility through bookrunners and mandated lead arrangers Bank of Taiwan and Taiwan Business Bank.
The facility is evenly split into a term loan and a revolver, and priced at 90bp and 110bp over primary CP rate, respectively.
Final allocations saw the leads take NT$300 million each while participants Agricultural Bank of Taiwan, Hua Nan Commercial Bank and Taiwan Cooperative Bank pledged NT$100 million each. Bank of Panhsin rounded up the syndicate with NT$50 million.
Proceeds are for refinancing and working capital purposes.
Walsin Lihwa Corp has completed a NT$10.2 billion five-year term loan through sole bookrunner Bank of Taiwan.
Final allocations saw the lead take NT$4 billion while mandated lead arrangers First Commercial Bank and Taiwan Cooperative Bank provided NT$1.2 billion each. Participant Hua Nan Commercial Bank brought in NT$800 million while Agricultural Bank of Taiwan, Chang Hwa Commercial Bank, Chinatrust Commercial Bank, E.Sun Commercial Bank and Taishin International Bank joined in with NT$600 million each.
Proceeds are to refinance a NT$6 billion five-year term loan signed in October 2008 and a NT$7 billion five-year term loan signed in October 2007.
Uni-President China Holdings has sealed a Rmb1 billion three-year offshore renminbi revolver through bookrunners HSBC Bank (Taiwan) and UOB.
Syndication saw Bank of America Merrill Lynch, Chinatrust Commercial Bank, Credit Agricole and Mizuho join in as mandated lead arrangers while Bank of East Asia and Taipei Fubon Commercial Bank came in as managers.
Proceeds are for working capital purposes.
Yih Dah concluded a NT$1.1 billion five-year financing on Wednesday (July 25) through sole bookrunner and mandated lead arranger Land Bank of Taiwan.
The deal consists of a NT$650 million term loan and a NT$400 million revolver, which are priced at 190bp over the secondary commercial-paper rate.
Syndication saw Agricultural Bank of Taiwan, Bank of Kaohsiung, Bank of Panhsin, Bank of Taiwan, First Commercial Bank, Taichung Commercial Bank and Taiwan Cooperative Bank come in as participants.
Proceeds are to refinance a NT$500 million three-year facility signed in February 2012.
