India
Jubilant Offshore Drilling has signed a Rs13.4 billion financing through sole bookrunner SBI Capital Markets.
The 12-year deal is priced at 450bp over the SBI Base Rate and will be repaid in 34 quarterly repayments after a one-and-a-half-year grace period.
Syndication saw Allahabad Bank, Bank of Baroda, Bank of India, Corporation Bank, Export-Import Bank of India, Indian Bank, Punjab National Bank, State Bank of Bikaner & Jaipur, State Bank of India, State Bank of Patiala and United Bank of India join in at lower tiers.
Proceeds are to support an offshore drilling project located in Krishan Godavaru Basin, Andhra Pradesh, India.
Juniper Hotels has sealed a Rs7.6 billion 11-year-and-eight-month term loan through sole bookrunner and mandated lead arranger Axis Bank.
Final allocations saw the lead contribute Rs3 billion while participant IDBI Bank join in with Rs3 billion. Punjab & Sind Bank ended up with Rs1.6 billion.
Proceeds are to support the construction and development of five-star hotels at Delhi and Ahmedabad.
Reliance Industries successfully completed a $1.5 billion dual-tranche dual-currency deal last Friday (September 28) through a consortium of 16 bookrunners and mandated lead arrangers, which were ANZ, Bank of America Merrill Lynch, Bank of Nova Scotia, Bank of Tokyo-Mitsubishi UFJ, Barclays Bank, Credit Agricole, DBS, DNB Bank, HSBC, Mizuho, National Australia Bank, Royal Bank of Scotland, Standard Chartered, State Bank of India, SMBC and Westpac.
The term loan is split into a $1 billion five-year tranche and a $500 million six-year portion.
Syndication saw Commonwealth Bank of Australia and Export Development Canada come in as mandated lead arrangers while 10 additional banks joined in at lower levels.
Proceeds are for capital expenditure purposes.
Transstroy Bhopal-Biaora Tollways has completed a Rs5 billion 15-year term loan on a club-basis through mandated lead arrangers Bank of India, Central Bank of India, Corporation Bank, India Infrastructure Finance Co and Union Bank of India.
Applicable margin at signing was 12.25% a year.
Final allocations saw Central Bank of India commit Rs1.3 billion while Bank of India, Corporation Bank and India Infrastructure Finance Co pledged Rs1 billion each. Union Bank of India ended up with Rs750 million.
Proceeds are for project financing purposes.
Singapore
Singapore Power, borrowed through Singapore Power Cross Island Tunnel Trust, successfully obtained a S$1.6 billion 10-year dual-tranche facility last Friday (September 28) through a consortium of six mandated lead arrangers.
The financing consists of a S$1.4 billion tranche and a S$228 million portion.
Final allocations saw DBS, OCBC and United Overseas Bank commit S$330 million each while Bank of Tokyo-Mitsubishi UFJ, Mizuho and SMBC ended up with S$200 million each.
Proceeds are to support the development and construction of two underground tunnels in Singapore.
Touax Container Financing has secured a $57 million two-year-and-seven-month revolver on a club-basis through mandated lead arrangers ABN Amro Bank, Credit Industriel et Commercial and NIBC Bank.
Final allocations saw NIBC Bank provide $25 million while ABN Amro Bank committed $17 million. Credit Industriel et Commercial lent $15 million.
Proceeds are to support the purchase of container boxes.
YTL PowerSeraya has completed a S$2.6 billion refinancing on a club basis through mandated lead arrangers Bank of Tokyo-Mitsubishi UFJ, DBS, Maybank and OCBC.
The debt package is split into a S$380 million three-year term loan, a S$760 million five-year tranche, a S$760 million seven-year facility and a S$700 million five-year revolver.
Proceeds are to refinance an existing facility supporting the acquisition of PowerSeraya.
Taiwan
Richpoint has concluded a $143 million three-year revolving credit through bookrunners First Commercial Bank and Taiwan Cooperative Bank.
Secured by shares of KGI Securities (Thailand), the financing offers a margin of 125bp over Libor.
Final allocations saw the leads take $30 million each while mandated lead arranger Bank Sinopac joined in with $25 million. Participants Chang Hwa Commercial Bank and Taipei Fubon Commercial Bank lent $15 million each while Ta Chong Bank contributed $12 million. Sunny Bank and Shanghai Commercial & Savings Bank ended up with $10 million and $6 million respectively.
Proceeds are for refinancing and working capital purposes.
Tah Tong Textile has sealed a NT$1.1 billion dual-tranche facility through sole bookrunner Mega International Commercial Bank.
The five-year debt package is split into a NT$400 million term loan and a NT$660 million dual-currency revolving credit.
Syndication saw Chang Hwa Commercial Bank join in as a mandated lead arranger while Bank of Taiwan, Hua Nan Commercial Bank, Taishin International Bank, Taiwan Cooperative Bank, Taiwan Shin Kong Commercial Bank and Yuanta Commercial Bank participated at lower tiers.
Proceeds are for refinancing and working capital purposes.
Walton Advanced Engineering has signed a NT$1 billion three-year revolving credit through sole bookrunner Taishin International Bank.
The deal is priced at 115bp over the secondary CP rate.
Final allocations saw the sole lead, mandated lead arrangers Bank of Taiwan, Bank Sinopac and Chang Hwa Commercial Bank lent NT$200 million each while managers Shanghai Commercial & Savings Bank and Sunny Bank came in with NT$100 million each.
Proceeds are to repay debt and for working capital purposes.
Thailand
Indorama Ventures Holding has sealed a $450 million financing through sole bookrunner Siam Commercial Bank.
Guaranteed by Indorama Ventures, the debt package is split equally into a five-year tranche and a seven-year portion.
Syndication saw Krung Thai Bank come in as a mandated lead arranger while CIMB, Thanachart Bank and United Overseas Bank joined in at lower tiers.
Proceeds are to take out an existing acquisition bridge facility.
