Australia
Nepean Engineering and Innovation has signed a A$140 million three-year credit facility through mandated lead arrangers ANZ and Commonwealth Bank of Australia.
The facility is split into a A$60 million term loan, a A$55 million revolver and two separate A$13 million working capital tranches.
Final allocations saw ANZ and Commonwealth Bank of Australia lend A$70 million each.
Proceeds are to refinance existing indebtedness.
Port of Portland has completed a A$66 million five-year financing through mandated lead arrangers ANZ National Bank and Bank of New Zealand.
The debt package comprises of a A$10 million revolver, a A$51 million and a A$5 million term loan.
Final allocations saw ANZ National Bank and Bank of New Zealand pledge A$33 million each.
Proceeds are to refinance a project finance loan for the development of a port.
QR National secured a A$1.4 billion three-year revolver on Wednesday (September 26) on a club basis through 11 mandated lead arrangers.
Final allocations saw Bank of America Merrill Lynch and Bank of Tokyo-Mitsubishi UFJ contribute A$178 million each while Westpac committed $165 million. Commonwealth Bank of Australia and NAB pledged A$140 million each while ANZ, BOS International, Mizuho and SMBC lent A$125 million each. Credit Suisse and Goldman Sachs ended up with A$63 million each.
Proceeds are to refinance an existing A$1.5 billion facility signed in Oct 2010.
China
Toyota Motor Finance has completed a Rmb1.1 billion term loan through sole bookrunner and mandated lead arranger Credit Agricole.
The facility is split into a Rmb680 million one-year portion and a Rmb400 million three-year tranche.
Syndication saw Guangzhou Rural Commercial Bank and Ping An Bank join in as mandated lead arrangers while Dah Sing Bank and Hang Seng Bank came in as arrangers.
Proceeds are for working capital purposes.
Xuzhou Construction Machinery Group, through its subsidiary in Hong Kong, has signed a $280 million three-year term loan through sole bookrunner Credit Agricole.
Syndication saw Bank of East Asia, China Development Bank Corp, Commerzbank, Industrial & Commercial Bank of China, Shanghai Pudong Development Bank and SMBC join in as mandated lead arrangers while Industrial Commercial Bank of China (Asia) came in as a lead arranger. Banca Monte dei Paschi di Siena, Cathay United Bank and Taipei Fubon Commercial Bank participated as arrangers while Bank Sinopac, Chang Hwa Commercial Bank, Chinatrust Commercial Bank, Hua Nan Commercial Bank, Land Bank of Taiwan, Mega International Commercial Bank and Taiwan Cooperative Bank ended up as managers.
Proceeds are for refinancing and working capital purposes.
Hong Kong
TTM Technologies Enterprises (HK) has signed a $445 million multi-tranche club facility through a consortium of eight mandated lead arrangers.
The debt package consists of a $370 million four-year term loan, a $90 million three-and-a-half-year revolving credit facility and an $80 million-equivalent four-year letter of credit.
Mandated lead arrangers were Bank of East Asia, China Construction Bank Corp, Citic Bank International, Chong Hing Bank, Hang Seng Bank, HSBC, Royal Bank of Scotland and Standard Chartered.
Proceeds are to refinance an existing facility and for working capital purposes.
India
Adani Power Maharshtra has inked a $55 million 17-year term loan through sole underwriter and mandated lead arranger SBI Capital Markets.
The facility is priced at 460bp over six-month Libor.
Final allocations saw participant India Infrastructure Finance Co joined in with $55 million.
Proceeds are for project financing purposes.
Essar Bulk Terminal has obtained a Rs13.3 billion nine-year-and-three-month term loan on a club basis through mandated lead arrangers Corporation Bank, India Infrastructure Finance Co, Oriental Bank of Commerce, Punjab National Bank, State Bank of Bikaner & Jaipur, State Bank of Hyderabad and UCO Bank.
Final allocations saw India Infrastructure Finance Co commit Rs4 billion while Oriental Bank of Commerce and UCO Bank pledged Rs2 billion each. Corporation Bank provided Rs1.8 billion while State Bank of Hyderabad and Punjab National Bank lent Rs1.5 billion each. State Bank of Bikaner & Jaipur ended up with Rs450 million.
Proceeds are for project financing purposes.
Jindal Steel and Power has secured a Rs35 billion 10-year term loan through sole underwriter and mandated lead arranger Axis Bank.
Final allocations saw the lead provide Rs7 billion while participant Export-Import Bank of India lent Rs5 billion. Indian Bank pledged Rs4 billion while State Bank of Bikaner & Jaipur, Corporation Bank, Punjab & Sind Bank, Union Bank of India and Vijaya Bank came in with Rs3 billion each. Bank of Maharashtra committed Rs2.5 billion while State Bank of Travancore joined in with Rs1.5 billion.
Proceeds are for project financing purposes.
TSI Business Parks (Hyderabad) has obtained a Rs3 billion 10.5-year term loan through sole underwriter and mandated lead arranger Axis Bank.
Final allocations saw the lead commit Rs1.1 billion while participant Aditya Birla Finance joined in with Rs750 million. Punjab National Bank lent Rs600 million while State Bank of Patiala ended up with Rs550 million.
Proceeds are for project financing purposes.
Indonesia
Indomobil Finance Indonesia has sealed a $75 million three-year term loan through bookrunners Chinatrust Commercial Bank and Nomura.
The fundraising is priced at 280bp over Libor for offshore lenders and 305bp over the same rate for onshore lenders.
Syndication saw Bank Mandiri, First Gulf Bank, Mega International Commercial Bank, Taishin International Bank and Taiwan Cooperative Bank join in as mandated lead arrangers while Bank of Taiwan and Chailease Finance came in as lead arrangers. Bank of China, Bank of East Asia, Cosmos Bank, Emirates Bank, First Commercial Bank, Hwatai Bank, Krung Thai Bank, Sunny Bank, Taichung Commercial Bank and Yuanta Commercial Bank came in as arrangers.
Proceeds are for refinancing purposes.
Singapore
HSBC Institutional Trust Services (Singapore), as trustee of Cache Logistics Trust, has obtained a S$375 million multi-tranche financing on Tuesday (September 25) through bookrunners DBS and Standard Chartered.
The secured fundraising is spilt into a S$188 million three-year term loan, a S$125 million four-year term loan and a S$62 million three-year revolving credit.
Syndication saw ANZ, Bank of East Asia, CIMB Bank, Commonwealth Bank of Australia, Credit Agricole, Hong Leong Finance and United Overseas Bank join in as mandated lead arrangers while Bank of China (Singapore) and State Bank of India came in as lead arrangers. Bank Mandiri, Bank of Communications, Bank of Taiwan, Chang Hwa Commercial Bank, Chinatrust Commercial Bank, First Commercial Bank, Hua Nan Commercial Bank and Mega International Commercial Bank joined in as arrangers.
Proceeds are for refinancing and general corporate purposes.
Lewek Constellation has completed a $273 million seven-year term loan through bookrunners and mandated lead arrangers DBS and DNB Bank.
Syndication saw Maybank join in as mandate lead arrangers while Bank of Taiwan, Caterpillar Financial Services Asia and Chang Hwa Commercial Bank came in at lower tiers.
Proceeds are for ship financing purposes.
Senoko Energy has secured a S$1.1 billion two-year term loan on a club basis through mandated lead arrangers Bank of Tokyo-Mitsubishi UFJ and Mizuho Corporate Bank.
Proceeds are to refinance an existing project financing facility.
Taiwan
China Resources (Holdings) has obtained a $200 million three-year term loan through bookrunners Chinatrust Commercial Bank, Mega International Commercial Bank and Taipei Fubon Commercial Bank.
The financing features a spread of 165bp over Libor with a commitment fee of 30bp.
Final allocations saw Chinatrust Commercial Bank and Taipei Fubon Commercial Bank commit $40 million each while Fubon Bank (Hong Kong) and Mega International Commercial Bank contributed $25 million each. Lead arrangers Chang Hwa Commercial Bank, E.Sun Commercial Bank, Hua Nan Commercial Bank and Land Bank of Taiwan took $15 million each while Export-Import Bank of the Republic of China ended up with $10 million.
Proceeds are for general corporate purposes.
Golden Meditech Holdings has completed a $65 million three-year loan through sole bookrunner Taiwan Cooperative Bank. The deal was oversubscribed and upsized from $50 million.
Secured by convertible notes, the financing is priced at 385bp over three-month Libor.
Syndication saw Cathay United Bank join in as a mandated lead arranger while Mega International Commercial Bank came in as a lead arranger. Bank of East Asia, Deutsche Bank, Sunny Bank, Taichung Commercial Bank and Taishin International Bank came in at lower tiers.
Proceeds are to purchase convertible notes, for refinancing and capital expenditure purposes.
