Australia
Amcor has successfully completed a $900 million three-year revolving credit through mandated lead arrangers ANZ, Bank of America Merrill Lynch, Bank of Tokyo-Mitsubishi UFJ, CBA, Deutsche Bank, HSBC, J.P. Morgan, Mizuho, National Australia Bank, Standard Chartered and Westpac.
The deal saw BNP Paribas, Citi and UBS join in as lenders.
Proceeds are to refinance an existing facility signed in December 2010 and for general corporate purposes.
China
China Zhengtong Auto Services has sealed a $170 million-equivalent 15-month bridge facility through bookrunners and mandated lead arrangers China Minsheng Bank and Credit Suisse. However, the banks are looking to upsize the deal through a greenshoe option that is up to $180 million-equivalent.
Syndication saw Chailease Finance join in as a lead arranger.
Proceeds are to refinance existing indebtedness.
Hong Kong
Bosideng International Holdings signed a $150 million three-year term loan on Tuesday (September 4) through bookrunners and mandated lead arrangers Mega International Commercial Bank and Standard Chartered.
The financing is priced at 225bp over Libor.
Final allocations saw Mega International Commercial Bank join in as $35 million while Standard Chartered came in with $30 million. Mandated lead arrangers Bank of East Asia contributed $20 million while Chinatrust Commercial Bank, Deutsche bank and Hang Seng Bank committed $15 million each. Lenders Taishin International Bank lent $10 million while Bank of Kaohsiung and Far Eastern International Bank ended up with $5 million each.
Proceeds are for general corporate purposes.
China Development Bank Corp has obtained a $335 million three-year term loan through bookrunners and mandated lead arrangers Bank of Tokyo-Mitsubishi UFJ, HSBC and Mizuho.
Syndication saw Bank of Nova Scotia, Korea Development Bank and State Bank of India join in as participants.
Proceeds are for general corporate purposes.
India
Offbeat Developers has concluded a Rs5.8 billion seven-year term loan through sole bookrunner and mandated lead arranger Standard Chartered.
Syndication saw Aditya Birla Finance, Bank of Baroda, Religare Finvest, Standard Chartered and State Bank of Mysore join in at lower tiers.
Proceeds are for debt repayment and capital expenditure purposes.
New Zealand
Perpetual Trust, as trustee for the Goodman Property Trust signed a NZ$100 million five-year revolving credit as a club deal on Tuesday (September 4) through mandated lead arrangers ANZ, Bank of New Zealand, Commonwealth Bank of Australia and Westpac.
Final allocations saw the arrangers contribute NZ$25 million each.
Proceeds are for general corporate purposes.
Singapore
International SOS has completed an $80 million three-year club revolving credit through mandated lead arrangers Bank of America, BNP Paribas, DBS, HSBC and Standard Chartered.
Proceeds are for general corporate purposes.
South Korea
Nonghyup Banking Corp has completed a $107 million dual-tranche facility through sole bookrunner and mandated lead arranger Mizuho.
The term loan is spilt into a $70 million one-year tranche and a $37 million three-year portion.
Syndication saw Doha Bank join in as a lead arranger while China Construction Bank came in as an arranger. Bank of Taiwan, Export-Import Bank of the Republic of China and Hua Nan Commercial Bank participated as co-arrangers.
Proceeds are for general corporate purposes.
Taiwan
Chroma ATE has signed a NT$2 billion five-year term loan through bookrunners and mandated lead arrangers E.Sun Commercial Bank, Taipei Fubon Commercial Bank and Taiwan Cooperative Bank.
The oversubscribed facility is priced at 71bp over the secondary CP rate with a pre-tax interest floor of 1.5%.
Syndication saw E.Sun Commercial Bank commit NT$400 million while the other two leads took NT$350 million each. Participants Chang Hwa Commercial Bank and Mega International Commercial Bank contributed NT$250 million each while Bank of Taiwan and Yuanta Commercial Bank ended up with NT$200 million respectively.
Proceeds are for the development of Linkou A7 industry zone.
Hotai Finance Corp has sealed a NT$5 billion 3.5-year financing through mandated lead arrangers and bookrunners Bank of Taiwan, Bank Sinopac, E.Sun Commercial Bank and Taipei Fubon Commercial Bank.
The loan offers a margin of 70bp over the secondary CP rate with a pre-tax interest rate floor of 1.6%.
Syndication saw Chang Hwa Commercial Bank, Chinatrust Commercial Bank, Far Eastern International Bank, Hua Nan Commercial Bank, Jih Sun International Bank, Taishin International Bank, Taiwan Cooperative Bank and Yuanta Commercial Bank join in at lower tiers.
Proceeds are to refinance an existing facility signed in 2009 and for working capital purposes.
