China
Citic Pacific has signed a $330 million four-year term loan through joint bookrunners Mega International Commercial Bank, Taipei Fubon Commercial Bank and Taiwan Cooperative Bank.
The facility is priced at 238bp over Libor.
Syndication saw the lead Taipei Fubon Commercial Bank hold $104 million while Mega International Commercial Bank and Taiwan Cooperative Bank pledged $40 million each. Mandated lead arrangers Bank of Taiwan and Bank SinoPac committed $30 million each while participants Hua Nan Commercial Bank and Land Bank of Taiwan came in with $20 million each. Chang Hwa Commercial Bank, Far Eastern International Bank, First Commercial Bank and Taiwan Business Bank gave $10 million, while Cosmos Bank Taiwan lent $6 million.
Proceeds are to repay existing indebtedness and for working capital purposes.
Dalian Star Bright Property, Dalian Star Shine Property and Dalian Star Land Property have inked a Rmb645 million three-year term loan on a club basis through mandated lead arrangers Bank of East Asia and Standard Chartered.
Final allocations saw the arrangers provide Rmb323 million each.
Proceeds are to refinance existing indebtedness.
Hong Kong
Citic Telecom International has obtained a $630 million five-year term loan through joint bookrunners ANZ, Bank of China, Bank of Tokyo-Mitsubishi UFJ, DBS, ING, Mizuho, Standard Chartered and SMBC.
The facility is fully underwritten by the bookrunners.
Final allocations saw Bank of China, Mizuho and SMBC contribute $79 million each while ANZ, Bank of Tokyo-Mitsubishi UFJ, DBS, ING and Standard Chartered pledged $63 million each. Mandated lead arranger ICBC joined in with $40 million while China Citic Bank and OCBC came in by providing $20 million each.
Proceeds are to support the $1.2 billion acquisition of 79% stake in Companhia de Telecomuncacoes de Macau from Cable & Wireless and Portugal Telecom.
Leo Paper Group Finance has concluded a HK$868 million financing through mandated lead arrangers Bank of China, Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, HSBC and Mizuho.
The two-tranche deal is split equally and is guaranteed by Leo Paper Bags Manufacturing (1982), Leo Paper Bags Manufacturing, Leo Paper Group and Leo Paper Products.
Final allocations saw Bank of China, BNP Paribas and HSBC provide HK$140 million each while Bank of Tokyo-Mitsubishi UFJ and Mizuho lent HK$112 million each. Arranger China Construction Bank joined in with HK$84 million while China Citic Bank and Chinatrust Commercial Bank come in with HK$70 million each to complete the syndication.
Proceeds are to refinance existing indebtedness and for working capital purposes.
India
Bilt Graphic Paper Products has completed a $78 million two-year and two-month term loan on a club basis through mandated lead arranger Credit Agricole and Rabobank.
Syndication saw Bank of Tokyo-Mitsubishi UFJ join in as participant.
Proceeds are to refinance existing indebtedness.
Indonesia
BW Offshore TSB Invest has completed a $285 million financing through joint bookrunners and mandated lead arrangers ABN Amro and ING.
The deal is split into a $250 million term loan and a $35 million guarantee facility.
Syndications saw the bookrunners provide $64 million while mandated lead arrangers Bank of Tokyo-Mitsubishi UFJ and Bank Sumitomo Mitsui Indonesia contributed $64 million. Arranger OCBC rounded up the group with $30 million.
Proceeds are to refinance the acquisition of vessels, floating production units and issuing bank guarantees to the charterer.
Singapore
Sim Lian JV (Vision) has secured a S$616 million four-and-a-half-year financing through mandated lead arrangers HSBC, OCBC and UOB on a club basis.
Proceeds are to finance property acquisition and construction cost.
Vitol Asia has self-arranged a $2.2 billion one-year revolver.
The guaranteed facility is priced at 95bp over Libor.
Syndication saw ANZ, Commonwealth Bank of Australia, DBS, HSBC, ING, NAB, OCBC, Standard Chartered, SMBC, UOB and Westpac join in as bookrunners and mandated lead arrangers while Agricultural Bank of China, Bank of China, Chinatrust Commercial Bank, KBC and Bank Mandiri come in as mandated lead arranger. Bank of Communications, Bank of East Asia, Bank of Taiwan, Bank of Tokyo-Mitsubishi UFJ, First Commercial Bank, First Gulf Bank, ICBC, Land Bank of Taiwan and Mega International Commercial Bank join in as arrangers while five other banks joined in at a lower tier.
Proceeds are for refinancing purposes.
South Korea
Korea Development Bank has completed a $100 million one-year term loan on a club basis through mandated lead arrangers Commerzbank and Norinchukin Bank.
Final allocation saw Commerzbank provide $80 million while Norinchukin Bank pledged $20 million.
Proceeds are for general corporate purposes.
Korea National Oil Corp has obtained a $300 million five-year loan-style floating rate note on a club basis through mandated lead arrangers DBS and Standard Chartered.
Proceeds are to refinance existing indebtedness.
Hyundai Steel has inked a $150 million four-year term loan through sole bookrunner Bank of Tokyo-Mitsubishi UFJ.
The single tranche facility is priced 120bp over Libor.
Syndication saw ICBC and SMBC join in as mandated lead arrangers while Bank of China and Yamaguchi Bank came in as participants.
Proceeds are for refinancing purposes.
