China
Beijing Mosaic Retail Management has secured a Rmb805 million five-year term loan through bookrunners and mandated lead arrangers Credit Agricole and Standard Chartered Bank.
Syndication saw Chang Hwa Commercial Bank and Taiwan Cooperative Bank join in as arrangers.
Proceeds are to support future acquisitions.
Wanhua Chemical (Yantai) Chlor-alkali Thermal Power has obtained a Rmb600 million three-year term loan through bookrunners and mandated lead arrangers Standard Chartered Bank and SMBC.
Syndication saw Chang Hwa Commercial Bank and Taiwan Cooperative Bank join in as lead arrangers while OCBC came at the lower level.
Proceeds are to repay existing indebtedness and for capital expenditure purposes.
Hong Kong
Strong Tower Global has sealed a $60 million term loan through sole bookrunner Standard Chartered Bank.
Final allocations saw Standard Chartered Bank contribute $40 million while mandated lead arranger Bank of China came in with $20 million.
Proceeds are to support the $113 million acquisition of Shanghai Songjiang Hui Wei Asset Management.
India
Usher Agro has successfully obtained a INR6.2 billion one-year revolving credit facility through sole bookrunner and mandated lead arranger Axis Bank.
Syndication saw Allahabad Bank, Bank of Baroda, Bank of Maharashtra, Commonwealth Bank of Australia, Dena Bank, HDFC Bank, ICICI Bank, IDBI Bank, ING Vysya Bank, Rabobank International and United Bank of India join in as participants.
Proceeds are for working capital purposes.
Indonesia
PT Indomobil Finance Indonesia has sealed a $173 million term loan through bookrunners CTBC Bank, Mizuho, OCBC and RBS.
A greenshoe option was exercised and the facility has been upsized from $100 million to $173 million.
Syndication saw BPI Capital Corp and Malayan Banking join in as mandated lead arrangers while Aozora Bank, Krung Thai Bank, Mega International Commercial Bank and Taiwan Cooperative Bank came in as lead arrangers. Barclays and Shinsei Bank rounded up the syndicate as arrangers.
Proceeds are for general corporate purposes.
New Zealand
Turners & Growers has inked a NZ$50 million revolver through sole bookrunner and mandated lead arranger Bank of New Zealand.
Final allocations saw HSBC contribute NZ$30 million while Bank of New Zealand and Rabobank each provided NZ$10 million.
Proceeds are for general corporate purposes.
South Korea
WOLBAE 2-CHA IPARK has completed a KRW170 billion term loan through sole bookrunner and mandated lead arranger KDB.
Final allocations saw KDB provide KRW50 billion while KDB Life Insurance, Korea Federation of Community Credit Cooperatives and Nonghyup Life Insurance contributed KRW30 billion each. Hyundai Hicardirect Auto Insurance, IBK Capital Corp and KDB Capital Corp lent KRW10 billion apiece.
Proceeds are for capital expenditure purposes.
Taiwan
Formosa Oilseed Processing has sealed a NT$1 billion five-year loan package through sole bookrunner and mandated lead arranger Taiwan Cooperative Bank.
The financing is split into a NT$400 million term loan, a NT$400 million revolver and a NT$200 million revolver.
Syndication saw Bank of Taiwan, Chang Hwa Bank, China Bills Finance Corp, E Sun Bank, Mega Bills Finance Corp and Yuanta Bank join in as participants.
Proceeds are to repay existing debts and for working capital purposes.
