Australia
Baosteel Resources Australia has inked a $566 million one-year bridge facility through mandated lead arrangers ANZ, Commonwealth Bank of Australia, Standard Chartered and Westpac on a club basis.
The financing is guaranteed by Baosteel Resources.
Final allocations saw ANZ and Commonwealth Bank of Australia take $189 million each while Westpac and Standard Chartered provided $142 million and $47 million, respectively.
Proceeds are to support the acquisition of 80.29% stake in Aquila Resources.
Brookfield Capital Management has obtained a A$520 million three-year term loan through bookrunners and mandated lead arrangers ANZ and NAB.
Final allocations saw NAB take A$180 million while ANZ provided A$100 million. ING joined in with A$130 million while Deka Bank concluded the syndicate with A$110 million.
Proceeds are for refinancing and partially repay existing subordinated debt facility.
China
COFCO has obtained a $3.2 billion term loan through mandated leads ANZ, BBVA, Bank of China, Bank of Tokyo-Mitsubishi UFJ, Commonwealth Bank of Australia, DBS, HSBC, Rabobank, SGCIB, Standard Chartered and Westpac on a club basis.
Guaranteed by COFCO (Hong Kong), the facility is split into a $1 billion one-year tranche priced at 90bp over Libor, and a $2.2 billion five-year portion priced at 135bp over Libor.
Proceeds are to support the acquisition of 51% stake in Noble Agri and Nidera Handelscompagnie BV.
Sky High XXVII Leasing has secured a $64 million 12-year term loan through sole bookrunner and mandated lead arranger Deutsche Bank.
Syndication saw Credit Industriel et Commercial and DekaBank join in as arrangers.
Proceeds are for aircraft financing purposes.
Hong Kong
Leo Paper Bags Manufacturing (1982) has secured a HK$130 million three-year and six-month term loan through sole bookrunner and mandated lead arranger Mizuho.
Leo Paper Group (Hong Kong) is the guarantor of the facility.
Final allocations saw the lead contribute HK$80 million while participant China Construction Bank lent HK$50 million.
Proceeds are to refinance an existing facility signed in August 2011.
India
India Oil Adani Gas has sealed a Rs3.6 billion financing through bookrunner State Bank of India.
Adani Group and Indian Oil Corp are the sponsors of the loan.
Final allocations saw mandated lead arranger Allahabad Bank lend Rs1.4 billion while participants Corporation Bank and Union Bank of India contributed Rs895 million apiece. State Bank of Travancore took Rs450 million to complete the syndication.
Proceeds are for the development of gas distribution networks in Allahabad and Chandigarh.
Jindal Steel & Power has signed a Rs10 billion eight-year term loan on a club basis through mandated lead arrangers HDFC, State Bank of India and United Bank of India.
The facility will be repaid through 28 quarterly installments.
Final allocations saw HDFC take Rs5 billion while Union Bank of India and State Bank of Mysore provided Rs3 billion and Rs2 billion, respectively.
Proceeds are to support a portfolio of steel projects.
Vishwa Infrastructures & Services has inked a Rs9.7 billion loan package through sole bookrunner and mandated lead arranger State Bank of India.
The financing comprises a Rs4.6 billion one-year guarantee facility, a Rs2.9 billion five-year and five-month revolver, a Rs1.9 billion eight-year and 11-month term loan and a Rs340 million letter of credit facility.
Syndication saw Axis Bank, Andhra Bank, ICICI Bank, IDBI Bank, ING Vysya Bank, SREI Equipment Capital, Standard Chartered, Tata Capital Financial Services and Yes Bank join in as participants.
Proceeds are for working capital purposes.
New Zealand
Port of Tauranga has inked a NZ$280 million revolver on a club basis through mandated lead arrangers ANZ, Commonwealth Bank of Australia and NAB.
The debt package comprises a NZ$100 million tranche, a NZ$50 million portion and a NZ$130 million tranche.
Final allocations saw NAB lend NZ$130 million while Commonwealth Bank of Australia and ANZ pledged NZ$100 million and NZ$50 million, respectively.
Proceeds are to refinance an existing NZ$280 million facility signed in June 2013.
Taiwan
Lih Yuan Construction has sealed a NT$3.3 billion five-year term loan through sole bookrunner and mandated lead arranger Land Bank of Taiwan.
The financing is split into three tranches with sizes of NT$2.9 billion, NT$256 million and NT$190 million, respectively.
Syndication saw Agricultural Bank of Taiwan, Bank of Kaohsiung, Bank of Taiwan, Chang Hwa Commercial Bank, Land Bank of Taiwan, Taichung Commercial Bank, Taiwan Business Bank and Taiwan Cooperative Bank join in as participants.
Proceeds are for capital expenditure and property development purposes.
