China
Tencent Asset Management finalised a $200 million five-year loan facility through joint bookrunners DBS and Taipei Fubon Commercial Bank.
The facility is evenly split into a term loan and a revolver tranche, and both tranches are priced at 151bp over Libor.
Syndication saw Bank of Taiwan and RBS join in as mandated lead arrangers while Chang Hwa Commercial Bank came in as manager.
Proceeds are for general corporate purposes.
Hong Kong
AS Watson (Asia) Finance and AS Watson (International) Finance have inked a HK$15.2 billion-equivalent three-year term loan through mandated lead arrangers ANZ, BBVA, BNP Paribas, Bank of America Merrill Lynch, Bank of China (Hong Kong), Bank of Tokyo-Mitsubishi UFJ, CIBC, Citi, Credit Agricole, DBS, Deutsche Bank, Goldman Sachs, HSBC, ING, Mizuho, National Bank of Abu Dhabi, OCBC, RBS, Scotia Bank, Standard Chartered, SMBC and UOB on a club basis.
The facility comprises a HK$3.3 billion tranche and a €1.1 billion portion. AS Watson Holdings is the loan guarantor.
Proceeds are to repay a shareholder loan.
Philippines
BDO Unibank has sealed a $200 million term loan through joint mandated lead arrangers Bank of America Merrill Lynch, Commerzbank, Deutsche Bank, HSBC, ING, Mizuho, Standard Chartered and UOB on a club basis.
Final allocations saw the banks contribute equally.
Proceeds are for working capital and general corporate purposes.
South Korea
Kookmin Bank signed a $250 million two-year term loan club deal through mandated lead arrangers Bank of America Merrill Lynch, Citi, Commerzbank, HSBC and Mizuho.
Proceeds of the transaction are for general corporate purposes.
Taiwan
Chicony Industry (Wuhan) has completed a $90 million three-year financing through joint bookrunners Bank of Taiwan, Chang Hwa Commercial Bank, E.Sun Commercial Bank, Far Eastern International Bank and Taiwan Cooperative Bank.
The facility is priced 240bp over Libor.
Final allocations saw E.Sun Commercial Bank lend $15 million while Bank of Taiwan, Chang Hwa Commercial Bank, Far Eastern International Bank and Taiwan Cooperative Bank gave $11 million. Mandated lead arrangers Land Bank of Taiwan and Ta Chong Bank also provided $11 million each. Participants Hua Nan Commercial Bank and Taichung Commercial Bank gave $5 million apiece to conclude the syndication.
Proceeds are for refinancing and working capital purposes.
Prosperity Tieh Enterprise completed a NT$5.7 billion five-year facility through sole bookrunner Taiwan Cooperative Bank.
The facility is split into a NT$1.8 billion term loan, a NT$1.7billion term loan and a NT$2.2 billion revolver. The two term loan tranches are priced at 68bp over the one-year Taiwanese Post Office rate while the revolver is priced at 85bp over the same benchmark rate.
Syndication saw Chang Hwa Commercial Bank, First Commercial Bank, Land Bank of Taiwan, Mega International Commercial Bank and Taiwan Business Bank join in as mandated lead arrangers while Agricultural Bank of Taiwan, Bank of Taiwan, Hua Nan Commercial Bank, Taichung Commercial Bank, Taipei Fubon Commercial Bank and Taiwan Shin Kong Commercial Bank came in as participants.
Proceeds of the loan are to repay existing indebtedness and for working capital purposes.
Sound Rise Construction has signed a NT$2.8 billion three-year loan package through sole bookrunner and mandated lead arranger CTBC Bank.
The financing consists of a NT$1.4 billion term loan and a NT$1.5 billion portion.
Final allocations saw the lead take NT$1.1 billion while participant Taishin International Bank lent NT$678 million. Taipei Fubon Commercial Bank provided NT$500 million while Bank of Taiwan and Bank SinoPac contribute NT$300 million each to tie up the syndication.
Proceeds are for debt repayment and property development purposes.
