China
China Southern Airlines has secured a ¥2.6 billion facility through sole bookrunner and mandated lead arranger BNP Paribas.
Syndication saw Development Bank of Japan, Korea Development Bank and Mega International Commercial Bank join in as participants.
Proceeds are to finance the purchase of aircraft.
Hong Kong
CRE Beverage Trading has obtained a $200 million three-year term loan through bookrunner and mandated lead arrangers Mizuho and SMBC.
The facility is guaranteed by China Resources Snow Beverages.
Final allocations saw Mizuho contribute $75 million, while SMBC provided $60 million. Mandated lead arranger Bank of Nova Scotia joined in with $50 million, while Bank SinoPac came in with $15 million as lead arranger.
Proceeds are for general corporate purposes.
India
BPRL International BV has completed a $700 million financing through sole bookrunner and mandated lead arranger State bank of India.
The facility is split into a $400 million three-year tranche and a $300 million five-year portion.
Final allocations saw the lead contribute $550 million while participants Bank of Baroda and DBS provided $100 million and $50 million respectively.
Proceeds are for the development of a LNG plant located in Rovuma, Mozambique.
Jaiprakash Associates has concluded a Rs12 billion eight-year term loan through sole bookrunner and mandated lead arranger ICICI Bank.
Final allocation saw the lead take Rs10 billion while participant Indian Bank joined in with Rs2 billion.
Proceeds are for refinancing and capital expenditure purposes.
Videocon Hydrocarbon Holdings has inked a $400 million two-year-and-11-month term loan through sole bookrunner and mandated lead arranger Deutsche Bank.
The facility is priced at 285bp over Libor.
Final allocations saw the lead commit $40 million while mandated lead arranger Gulf Bank joined in with $50 million. Mandated lead arrangers Bank Muscat, Bank of Ayudhya, Bank of East Asia, Emirates NBD Bank, First Gulf Bank and Mashreqbank pledged $35 million each while Commercial Bank of Qatar lent $15 million. Lead arrangers East West Banking Corp and Union National Bank provided $22 million each while arrangers Doha Bank and Qatar National Bank joined in with $15 million each. Rizal Commercial Banking Corp ended up with $11 million.
Proceeds are for capital expenditure and refinancing existing indebtedness.
Malaysia
Pahang Cement has completed a M$550 million eight-year term loan on a club basis through mandated lead arrangers OCBC and RHB Bank.
Final allocation saw the leads pledge M$275 million each.
Proceeds are for capital expenditure and working capital purposes.
Taiwan
BES Engineering Corp has secured a NT$2.6 billion six-year debt package through bookrunners and mandated lead arrangers First Commercial Bank and Taiwan Business Bank.
The facility is split into a NT$613 million guarantee facility and a NT$2 billion term loan.
Syndication saw Taiwan Cooperative Commercial Bank come in as co-arranger while Agricultural Bank of Taiwan, Bank of Kaohsiung and Taichung Commercial Bank joined in as managers.
Proceeds are to support a construction project at Kaohsiung Port and for working capital purposes.
Citic Resources Holdings has inked a $400 million financing through bookrunners Bank of Taiwan, Cathay United Bank, Chinatrust Commercial Bank, Mizuho and Taiwan Cooperative Bank.
The oversubscribed facility is priced at 210bp over Libor.
Syndication saw First Commercial Bank join in as mandated lead arranger while 11 banks came in at lower tiers.
Proceeds are for general corporate purposes.
Tex-Ray Industrial Co has signed a NT$1.2 billion five-year revolver through bookrunners and mandated lead arrangers First Commercial Bank, Industrial Bank of Taiwan, Shanghai Commercial & Savings Bank and Taiwan Cooperative Bank.
Secured by building, land and factory, the oversubscribed deal is priced at 50bp over one-year floating post office saving rate.
Final allocations saw First Commercial Bank, Industrial Bank of Taiwan and Taiwan Cooperative Bank lend NT$175 million each while Shanghai Commercial & Savings Bank took NT$125 million. Co-arranger Land Bank of Taiwan contributed NT$120 million while Agricultural Bank of Taiwan, Chang Hwa Commercial Bank and E.Sun Commercial Bank pledged NT$110 million each. Participant Shin Kong Commercial Bank rounded up the syndicate with NT$100 million.
Proceeds are for refinancing and working capital purposes.
US
Aviation Capital Group Corp has inked a ¥5.8 billion three-year term loan through bookrunners and mandated lead arrangers BNP Paribas and Development Bank of Japan.
Syndication saw Apple Bank, Chang Hwa Commercial Bank and Mega International Commercial Bank join in as participants.
Proceeds are for general corporate purposes.
