China
Hangzhou Tuojiang Real Estate and Xu Bao (HK) have inked a $164 million-equivalent three-year term loan through bookrunners and mandated lead arrangers China Citic Bank, Hang Seng Bank, HSBC and Standard Chartered.
The debt package comprises a Rmb1 billion onshore tranche, a $225 million and a HK$741 million offshore portions. The onshore facility is borrowed through Hangzhou Tuojiang Real Estate while the offshore facility is borrowed through Xu Bao (HK).
Syndication saw Mega International Commercial Bank join in as mandated lead arranger while Bank of East Asia, Chang Hwa Commercial Bank, First Commercial Bank, Ta Chong Bank and Wing Lung Bank join in as lead arrangers.
Proceeds are to support the development of a real estate project.
Hong Kong
Hong Kong Yuhe Holdings has secured a $100 million two-year term loan through sole bookrunner Taishin International Bank.
The single-tranche facility was a debut financing for the borrower.
Final allocations saw the lead contribute $20 million while participants Bank of Kaohsiung, Chang Hwa Commercial, First Commercial Bank, Hua Nan Commercial Bank, Sunny Bank, Taichung Commercial Bank, Taiwan Business Bank and Taiwan Cooperative bank rounded up the group with $10 million each.
Proceeds are to purchase raw materials.
Wharf Finance has sealed a $238 million five-year term loan through sole bookrunner SMBC.
Wharf (Holding) is the guarantor for the facility.
Syndication saw Bank of the Philippines Islands join in as mandated lead arranger while Industrial & Commercial Bank of China (Macau), NTT Finance Corp and Taipei Fubon Commercial Bank came in as arrangers. Chang Hwa Commercial Bank and Shanghai Commercial & Savings Bank joined in as participants to round up the syndication.
Proceeds are for general corporate purposes.
India
Raigarh Champa Rail Infrastructure has inked a Rs9.9 billion 12-year and six-month term loan through sole bookrunner and mandated lead arranger Axis Bank.
The single tranche facility will be repaid by 40 quarterly installments.
Final allocations saw the lead take Rs4.4 billion while participant Canara Bank lent Rs2 billion. Participants Union Bank of India took Rs1.5 billion while Bank of Baroda and PTC India Financial Services contributed Rs1 billion apiece.
Proceeds are for railway construction.
Japan
Makalu Leasing has obtained a $29 million 10-year term loan on a club basis through mandated lead arrangers Commonwealth Bank of Australia and Development Bank of Japan.
The facility is guaranteed by Air New Zealand.
Proceeds are for aircraft financing.
New Zealand
Auckland International Airport has secured a NZ$440 million one-year and two-month revolver on a club basis through mandated lead arrangers ANZ and Commonwealth Bank of Australia, who committed evenly to the facility.
Proceeds are for share repurchases.
Taiwan
Taiwan Glass China Holding has inked a $150 million three-year term loan through sole bookrunner Mega International Commercial Bank.
Taiwan Glass Industry was the guarantor of the fundraising.
Syndication saw Taishin International Bank and Taiwan Cooperative Bank come in as mandated lead arrangers. Bank SinoPac, Chang Hwa Commercial Bank, E.Sun Commercial Bank, First Commercial Bank, Hua Nan Commercial Bank, Land Bank of Taiwan and Shanghai Commercial & Savings Bank joined in at lower tiers.
Proceeds are for refinancing, working capital and capital expenditure purposes.
Thailand
Green River Panels (Thailand) has completed a $42 million-equivalent five-year financing through sole bookrunner Mega International Commercial Bank.
The facility is split into a $24 million term loan and a Bt600 million portion.
Syndication saw Chang Hwa Commercial Bank and Cosmos Bank Taiwan join in as arrangers while Bank of Kaohsiung, Shanghai Commercial & Savings Bank and Ta Chong Bank came in as participants. Proceeds are for capital expenditure purposes.
Vietnam
Hyosung Vietnam has signed a $70 million three-year term loan through sole bookrunner and mandated lead arranger KDB.
The facility is priced 230bp over Libor.
Final allocations saw the lead provide $26 million while participant NH Nonghyup Bank contributed $15 million. Hana Bank and Korea Exchange Bank (Hong Kong) took $10 million each while Daegu Bank rounded up the syndication with $9 million.
Proceeds are for general corporate purposes.
