China
North United Power has inked a Rmb290 million one-year term loan through sole bookrunner and mandated lead arranger Bank of China.
The facility is priced at a fixed rate of 6%.
Final allocations saw the lead takes Rmb200 million while participant China Development Bank contributed the rest.
Proceeds are for general corporate purposes.
Hong Kong
Easy Merit Holdings has obtained a $475 million five-year term loan on a club basis through mandated lead arrangers China Construction Bank, HSBC and RBS.
The facility is split into a $246 million tranche and a $229 million portion accordingly.
Proceeds are for property development purposes.
India
Axis Finance has sealed a Rs7.3 billion one-year credit facility though sole bookrunner and mandated lead arranger Axis Bank.
The facility is fully underwritten by the lead.
Final allocations saw participant Punjab & Sind bank provide Rs3 billion while Axis Bank and participant Bank of Baroda took Rs2.3 billion and Rs2 billion respectively.
Proceeds are for onward lending purposes.
Bhushan Power & Steel has secured a Rs57.4 billion 13-year loan package through bookrunner and mandated lead arranger State Bank of India.
The facility is split into a Rs50.7 billion term loan and a Rs6.7 billion portion.
Syndication saw Allahabad Bank, Andhra Bank, Bank of Baroda, Canara Bank, Export-Import Bank of India, Indian Overseas Bank, Karur Vysya Bank, Oriental Bank of Commerce, South Indian Bank, State Bank of Hyderabad, State Bank of Mysore, Syndicate Bank and Union Bank of India join in as participants.
Proceeds are for the expansion of an integrated steel plant.
Jaiprakash Power Ventures has concluded a Rs55.3 billion term loan through sole bookrunner IDFC.
The facility comprises a Rs41.5 billion tranche and a Rs13.8 billion portion.
Syndication saw Allahabad Bank, ICICI Bank, Indian Renewable Energy Development Agency, L&T Infrastructure Finance, Life Insurance Corp of India, PTC India Financial Services, Power Finance Corp and Union Bank of India come in at lower tiers.
Proceeds are to support the refinancing of the Karcham Wangtoo Hydro Electric project and for general corporate purposes.
Indonesia
CT Corp has secured a $1.3 billion credit facility through bookrunners and mandated lead arrangers ANZ, BNP Paribas, Bank of America, Bank of Tokyo-Mitsubishi UFJ, Credit Suisse, DBS, Deutsche Bank, Goldman Sachs, ING, Maybank, RBS and Standard Chartered.
The debt package comprises a $275 million three-year tranche, a $500 million portion and a $500 million five-year term loan.
Syndication saw CTBC Bank, Cathay United Bank and RHB Bank join in as mandated lead arrangers while 15 other banks came in at lower tiers.
Proceeds are for refinancing purposes.
Macao
VML US Finance has inked a $4.4 billion six-year facility through bookrunners and mandated lead arrangers BNP Paribas, Banco Nacional Ultramarino, Bank of America Merrill Lynch, Bank of China, Barclays, Citi, Credit Agricole, DBS, Goldman Sachs, ICBC, OCBC, SMBC and UOB.
The facility is guaranteed by Venetian Macau and is split into a $2.8 billion revolver and a $1.6 billion term loan.
Proceeds are to amend and extend an existing $3.7 billion facility signed in Sept 2011 and general corporate purposes.
Thailand
Global Power Synergy has signed a Bt8.6 billion eight-year term loan through mandated lead arrangers Bank of Ayudhya, Government Savings Bank, Krung Thai Bank, Mizuho Bank and TISCO Bank on a club basis.
Proceeds are for general corporate and working capital purposes.
Taiwan
Mosa Industrial has secured a NT$2.3 billion five-year fund package through sole bookrunner Taiwan Cooperative Bank.
The facility is divided into a NT$1.3 billion term loan, a NT$850 million tranche and a NT$150 million revolving portion.
Syndication saw Agricultural Bank of Taiwan, Bank of Kaohsiung, Bank of Taiwan, Chang Hwa Commercial Bank, First Commercial Bank, Sunny Bank and Yuanta Commercial Bank join in at lower tiers.
Proceeds are for refinancing, capital expenditure and working capital purposes.
Solar Applied Materials Technology has signed a NT$4 billion five-year financing through joint bookrunners Chang Hwa Commercial Bank and Taiwan Cooperative Bank.
The borrowing is split into a NT$3 billion term loan and a NT$1 billion revolving credit facility, but the maximum drawdown cannot exceed a total of NT$3 billion.
During syndication, Mega International Commercial Bank contributed as mandated lead arranger while Agricultural Bank of Taiwan, Bank of Taiwan and First Commercial Bank participated in the process.
Proceeds are to repay existing indebtedness and for working capital purposes.
Taiwan Hopax Chemicals Mfg has completed a NT$950 million five-year fundraising through sole bookrunner Bank of Taiwan.
The facility includes a NT$285 million term loan and a NT$665 million revolver.
Final allocations saw the lead take NT$300 million while mandated lead arranger Chang Hwa Commercial Bank came in with NT$200 million. Participants Agricultural Bank of Taiwan, CTBC Bank, Far Eastern International Bank and Taiwan Cooperative Bank contributed NT$100 million each while Taipei Fubon Commercial Bank rounded up the group with NT$50 million.
Proceeds are to refinance an existing loan facility signed in Nov 2010 and for general corporate purposes.
