Hong Kong
Pride Pacific and Beijing Jing Wei House & Land Estate Development have secured a $387 million- equivalent three-year financing on a club basis through mandated lead arrangers Bank of East Asia, Bank of Tokyo-Mitsubishi UFJ, DBS, ICBC, Standard Chartered and Wing Lung Bank.
The facility is split into a HK$1.5 billion term loan, a HK$1.5 billion revolver and a Rmb100 million term loan.
Final allocations saw DBS contribute HK$800 million while Standard Chartered provided HK$700 million. Bank of East Asia lent HK$500 million while Wing Lung Bank pledged HK$400 million. Bank of Tokyo-Mitsubishi UFJ and ICBC committed HK$300 million each. Standard Chartered was the sole provider to the renminbi tranche.
Proceeds are for general corporate purposes and fixed assets financing purposes.
India
Bank of Baroda has obtained a $225 million two-year term loan on a club basis through mandated lead arrangers ANZ, Bank of America Merrill Lynch, Barclays, BNP Paribas, Citi, Credit Agricole, HSBC, Standard Chartered and UOB.
Proceeds are for working capital purposes.
Taiwan
Falcon Machine Tools – Chevalier has successfully sealed a NT$1.2 billion five-year facility through sole bookrunner and mandated lead arranger Taiwan Cooperative Bank.
The debt package comprises a NT$400 million tranche, a NT$600 million tranche and a $200 million portion, while the total withdrawal amount cannot exceed NT$1.2 billion.
Syndication saw Bank Sinopac, Bank of Taiwan, Chinatrust Commercial Bank, E.Sun Commercial Bank, Hua Nan Commercial Bank, Land Bank of Taiwan, Mega International Commercial Bank, Shanghai Commercial & Saving bank and Taichung Commercial Bank join in as arrangers.
Proceeds are for refinancing and working capital purposes.
Farglory Land Development has obtained a NT$7 billion four-year term loan through bookrunners and mandated lead arrangers Chang Hwa Commercial Bank, Land Bank of Taiwan, Mega International Commercial Bank and Taiwan Business Bank.
Syndication saw Hua Nan Commercial Bank join in as arranger while Agricultural Bank of Taiwan, Bank of East Asia, First Commercial Bank, Industrial Bank of Taiwan and Taichung Commercial Bank came in as participants.
Proceeds are to refinance existing indebtedness, land purchases and for construction purposes.
I-Chiun Precision Industry has signed a NT$2.2 billion three-year financing through sole bookrunner and mandated lead arranger Taishin International Bank.
The facility is split into a NT$1.8 billion term loan and a NT$360 million revolver.
Syndication saw Agricultural Bank of Taiwan, Far Eastern International Bank, First Commercial Bank, Land Bank of Taiwan, Mega International Commercial Bank, Ta Chong Bank, Taichung Commercial Bank, Taipei Fubon Commercial Bank and Taiwan Cooperative bank join in at lower tiers.
Proceeds are to repay existing convertible bonds and for working capital purposes.
Johnson Health Tech has obtained a NT$2.5 billion five-year financing through bookrunners and mandated lead arrangers Mega International Commercial Bank and Taiwan Cooperative Bank.
Final allocations saw Taiwan Cooperative Bank contribute NT$1.1 billion while Mega International Commercial Bank lent $560 million. Participants E.Sun Commercial bank, Taishin International Bank and Taiwan Shin Kong Commercial Bank committed NT$200 million each while Hua Nan Commercial Bank joined in with NT$175 million
Proceeds are for refinancing and working capital purposes.
QST International has concluded a NT$1.4 billion-equivalent dual-currency financing through bookrunners and mandated lead arrangers Chang Hwa Commercial Bank, Chinatrust Commercial Bank, E.Sun Commercial Bank, Mega International Commercial Bank, Ta Chong Bank, Taipei Fubon Commercial Bank and Taiwan Cooperative Bank. The deal was oversubscribed and upsized from NT$1.2 billion.
The three-year facility consists of a NT$400 million term loan, an NT$860 million-equivalent revolver, a $9 million letter of credit and a NT$150 million commercial paper guarantee.
Syndication saw Bank Sinopac, Bank of Taiwan, Hua Nan Commercial Bank, Land Bank of Taiwan, Taishin International Bank and Yuanta Commercial Bank join in as arrangers while China Bills Finance, International Bills Finance, Mega Bills Finance, Shanghai Commercial & Savings Bank and Shin Kong Commercial Bank came in as participants.
Proceeds are to repay existing debt and for general corporate purposes.
