Australia
APT Pipelines has obtained a A$1.3 billion debt package through joint bookrunners ANZ, Commonwealth Bank of Australia, Bank of Tokyo-Mitsubishi UFJ, NAB, RBC and Westpac.
The financing consists of two A$425 million revolving credit facilities and a A$400 million portion.
Final allocations saw the leads take A$100 million each while mandated lead arrangers BNP Paribas, Bank of Nova Scotia, DnB NOR Bank, HSBC, Mizuho, OCBC and RBS provided A$75 million apiece. Lead Arranger SMBC lent A$55 million while co-arrangers Citi and Sumitomo Mitsui Trust Bank pledged A$35 million each to complete the syndication.
Proceeds are for refinancing and general corporate purposes.
China
Chailease International Finance has inked a Rmb1.2 billion three-year term loan through sole bookrunner Mizuho.
The single tranche facility is guaranteed by Chailease Holding.
Final allocations saw mandated lead arranger Bank of Shanghai lend Rmb400 million while arrangers Chang Hwa Commercial Bank and China Construction Bank took Rmb300 million and Rmb250 million respectively. Mizuho provided the remaining amount to wrap up the syndication.
Proceeds are for general corporate purposes.
Far East Horizon has completed a $300 million three-year term loan through bookrunners and mandated lead arrangers Deutsche Bank, First Gulf Bank, KDB and RBS.
The facility is available in HK$, $ or Rmb and is priced at 250bp over Libor or Hibor.
Syndication saw China Construction Bank and ICBC (Asia) join in as mandated lead arrangers while Emirates NBD PJSC and Hana Bank came in as lead arrangers. Bank Rakyat Indonesia (Persero) joined in as arranger and Bank Mandiri concluded the syndicate as senior manager.
Proceeds are for working capital and general corporate purposes.
Sino-Ocean Land sealed a $800 million-equivalent dual-currency three-year financing through bookrunners and mandated lead arrangers Agricultural Bank of China, BNP Paribas, Bank of China (Hong Kong), Bank of East Asia, China Construction Bank, DBS, Hang Seng Bank, HSBC and Wing Lung Bank.
The loan is split into a $197 million tranche and a HK$4.7 billion portion.
Syndication saw China Citic Bank International and ICBC (Asia) join in as coordination arrangers while China Merchants Bank came in as lead arranger.
Proceeds are to refinance existing indebtedness.
Hong Kong
Haier International (HK) has obtained a $240 million five-year term loan through bookrunners and mandated lead arrangers ANZ, Bank of Communications, HSBC and RBS.
The facility is priced at 160bp over Libor.
Syndication saw KBC Bank and Hang Seng Bank join in as lead arrangers.
Proceeds are for general corporate purposes.
India
Essar Power MP has secured a Rs53.3 billion 12-year term loan through sole bookrunner and mandated lead arranger ICICI Bank.
The single tranche financing will be repaid by quarterly installments.
Syndication saw IDFC, Power Finance Corp, Punjab National Bank and Rural Electrification Corp join in as participants.
Proceeds are to set up a 1200MW pit-head coal based power project.
South Korea
KEXIM has secured a $600 million three-year term loan through mandated lead arrangers BNP Paribas, Bank of America Merrill Lynch, Bank of Tokyo-Mitsubishi UFJ, Commerzbank, HSBC, RBS and Societe Generale on a club basis.
Proceeds are for general corporate purposes.
Taiwan
Formosa Steel IB has obtained a $700 million five-year term loan through bookrunners and mandated lead arrangers ANZ, Bank of Taiwan, Changhwa Commercial Bank, Credit Agricole, CTBC Bank, DBS, Hua Nan Commercial Bank, Land Bank of Taiwan, Mega International Commercial Bank, Taishin International Bank, Taiwan Cooperative Bank and UOB.
Syndication saw Bank SinoPac, E.Sun Commercial Bank, Taiwan Business Bank and Yuanta Commercial Bank join in as lead arrangers while Bank of Kaosiung, China Construction Bank, First Commercial Bank and Ta Chong Bank came in at lower levels.
Proceeds are for refinancing purposes.
Uni-Splendor (BVI) Corp has sealed a $65 million five-year term loan through bookrunners and mandated lead arrangers First Commercial Bank and Taiwan Cooperative Bank.
Syndication saw Bank of Panhsin, Bank of Taiwan, E. Sun Commercial Bank, Hua Nan Commercial Bank, Jih Sun International Bank, Shanghai Commercial & Savings Bank and Taichung Commercial Bank join in as participants.
Proceeds are for refinancing and working capital purposes.
QST International Corp has inked a NT$2 billion five-year term loan through joint bookrunners CTBC Bank, Chang Hwa Commercial Bank, E. Sun Commercial Bank, Land Bank of Taiwan, Mega International Commercial Bank, Taipei Fubon Commercial Bank, Taishin International Bank, Taiwan Cooperative bank and Yuanta Commercial Bank.
The facility is split into a NT$1.6 billion tranche and a NT$450 million portion and is priced 100bp over the Taiwan 1-year Postal Deposit Rate with a pre-tax floor of 2%.
Syndication saw Bank of Panhsin, Bank of Taiwan, First Commercial Bank, Hua Nan Commercial Bank and Shin Kong Commercial Bank join in as participants.
Proceeds are for share investment purposes.
