Hong Kong
Hutchison Ports Investments has successfully signed a $280 million three-year term loan on a club basis through mandated lead arrangers Bank of Tokyo-Mitsubishi UFJ, China Construction Bank, Development Bank of Japan, Mizuho Corporate Bank and SMBC.
Proceeds are for general corporate purposes.
India
Bank of India has completed a $200 million two-year term loan and revolving credit facility through bookrunners Bank of America Merrill Lynch, Barclays, Citi, Commerzbank, HSBC, RBS and Standard Chartered.
Syndication saw Arab Banking Corp and Mashreqbank join in as mandated lead arrangers.
Proceeds are for general corporate purposes.
GVK Bagodara Vasad Expressway has obtained a Rs8.9 billion 17-year-and-four-month term loan through sole underwriter and mandated lead arranger Axis Bank.
Final allocations saw the lead contribute Rs3.4 billion while participant India Infrastructure Finance Co contributed Rs2 billion. Central Bank of India, Oriental Bank of Commerce and Punjab & Sind Bank committed Rs1 billion each while State Bank of Mysore lent Rs500 million.
Proceeds are to support the construction of 1,102km six-lane highway from Bagodara to Vasad in Gurajat, India.
JBF Bahrain SPC has secured a $124 million term loan through sole bookrunner and mandated lead arranger ICICI Bank.
The facility is split into a $94 million seven-year tranche and a $30 million nine-year portion.
Final allocations saw the lead contribute $37 million while mandated lead arranger Abu Dhabi Commercial Bank joined in with $25 million. Bank of Bahrain & Kuwait came in with $20 million while Al Hilal Bank and State Bank of India pledged $15 million each. United Bank concluded with $12 million.
Proceeds are to support the development and installation of three BOPET plants in Bahrain.
MEIL Green Power has signed a Rs4.3 billion 15-year term loan through sole bookrunner and mandated lead arranger IDBI Bank.
Final allocations saw the lead contribute Rs1.5 billion while participant SREI Infrastructure Finance came in with Rs1.6 billion. Bank of India and State Bank of Patiala joined in with Rs500 million each while State Bank of Bikaner & Jaipur ended up with Rs250 million.
Proceeds are to support the development and construction of a 50MW solar thermal power plant in Anantapur, India.
Singapore
Arcadia Energy completed a $305 million revolving credit through bookrunners and mandated lead arrangers A BILLION Amro Bank, BNP Paribas, Credit Agricole, ING, Rabobank International, Societe Generale and Standard Chartered.
Guaranteed by Farahead Holdings & Farahead Investment, the 364-day transaction offers a margin of 225bp over Libor.
Final allocations saw the leads take $35 million each while lead arrangers DBS, First Gulf Bank, Maybank, OCBC and UBS committed $10 million each. Arrangers Natixis and United Overseas Bank concluded the deal with $5 million respectively.
Proceeds are to refinance an existing $280 million facility signed last year and for general corporate purposes.
Stemcor (SEA) successfully sealed a $225 million 364-day revolving credit facility through mandated lead arrangers and bookrunners ABN Amro, BNP Paribas, DBS, HSBC, ING, Societe Generale and Standard Chartered. The deal was oversubscribed and upsized from $200 million.
The deal is priced at 225bp over Libor and is guaranteed by Stemcor Holdings.
Final allocations saw the bookrunners contribute $20 million each while mandated lead arrangers Bank of Baroda and Emirates NBD joined in with $15 million each. Senior Lead Arrangers Bank of Taiwan, Rabobank International, OCBC and Raiffeisen Bank International took $10 million each while lead arrangers Chang Hwa Commercial Bank, First Commercial Bank and LH Asia Trade Finance Fund ended up with $5 million each.
Proceeds are to refinance an existing $205 million 364-day revolving credit facility signed in 2011 and for general corporate purposes.
Trafigura Beheer and Trafigura have completed a $1.2 billion financing through bookrunners ANZ, Industrial & Commercial Bank of China, National Australia Bank, OCBC, Standard Chartered, SMBC and Westpac.
The guaranteed debt package consists of a $1 billion 364-day revolving credit facility and a $215 million three-year term loan, which are priced at 130bp over Libor and 200bp over Libor, respectively.
Syndication saw Bank of China, Commonwealth Bank of Australia, DBS, First Gulf Bank, Gazprombank and United Overseas Bank join in as mandated lead arrangers while 11 other banks joined in at lower tiers.
Proceeds are to refinance the $875 million facility signed in October 2011 and for general corporate purposes.
Taiwan
Eliter International has completed a NT$3.3 billion term loan through bookrunners Land Bank of Taiwan, Mega International Commercial Bank and Taiwan Business Bank.
The 10-year deal is priced at 123bp over the one-year average saving rate of Bank of Taiwan, Chang Hwa Commercial bank, First Commercial Bank, Hua Nan Commercial Bank, Land Bank of Taiwan and Taiwan Cooperative Bank.
Syndication saw Chang Hwa Commercial Bank and First Commercial Bank come in as joint arrangers while Agricultural Bank of Taiwan, Bank of Taiwan, Hua Nan Commercial Bank, Sunny Bank and Taichung Commercial Bank joined in as managers.
Proceeds are to refinance an existing NT$2.8 billion facility signed in December 2009.
Hung Ching Development & Construction has signed a NT$2 billion two-year term loan through sole bookrunner and mandated lead arranger Bank of Taiwan.
Final allocations saw the lead provide NT$1 billion while participants Industrial Bank of Taiwan and Far Eastern International Bank joined in with NT$700 million and NT$300 million, respectively.
Proceeds are for construction of buildings.
Thailand
Total Access Communication has signed a Bt10 billion five-year term loan through mandated lead arrangers Bank of Tokyo-Mitsubishi UFJ, Mizuho Corporate Bank and SMBC.
Proceeds are to finance the bid and purchase of a new 3G mobile phone licence in Thailand.
