Loans week May 15-21

A roundup of the latest syndicated loan market news.

China

China Hongqiao Group has secured a $597 million three-year-and-six-month term loan through bookrunners and mandated lead arrangers ANZ, Credit Agricole, HSBC, ING and RBS.

Syndication saw Commonwealth Bank of Australia join in as mandated lead arranger while China CITIC Bank International, KDB, KDB Asia, Luso International Banking, Woori Bank and Woori Global Markets Asia came in as lead arrangers. Bank of Shanghai joined in as arranger while Hua Nan Commercial Bank concluded the syndicate as senior manager.

Proceeds are for general corporate purposes.

 

Hong Kong

Link Real Estate Investment Trust has completed a HK$4 billion five-year transaction though joint mandated arrangers ANZ, BNP Paribas, Bank of China, China Construction Bank, DBS, Hang Sang Bank, HSBC, Industrial & Commercial Bank of China, Mizuho Bank, OCBC, OCBC Wing Hang Bank, Sumitomo Mitsui Banking Corp on a club basis.

The financing is divided into a HK$2 billion term loan and a HK$2 billion credit facility.

Proceeds are for working capital and general corporate purposes.

 

Indonesia

Indonesia Eximbank has sealed a $1 billion term loan through bookrunners Bank of Tokyo-Mitsubishi UFJ, CTBC Bank, Commerzbank, Mizuho Bank, OCBC, Société Générale and UOB.

The facility is split into a $600 million three-year portion and a $400 million five-year credit.

Syndication saw Aozora Bank, DBS, Fuyo General Lease, Metrobank, National Bank of Abu Dhabi, Nippon Life Insurance, Shinsei Bank, State Bank of India, SMBC, Taiwan Cooperative Bank, Union National Bank come in as mandated lead arrangers while Apple Bank for Savings, Bank Sinopac, Bank of Taiwan, Chang Hwa Commercial Bank, DZ Bank, Doha Bank, E Sun Commercial Bank, Erste Group Bank, First Commercial Bank, Gunma Bank, Hua Nan Commercial Bank, Hyakugo Bank, IBJ Leasing, Land Bank of Taiwan, Mega International Commercial Bank, Minato Bank, Mitsubishi UFJ Trust, NTT Finance, National Bank of Kuwait, Taipei Fubon Commercial Bank, Taishin International Bank, Taiwan Business Bank and Tokyo Star Bank join in as arrangers. BOT Lease, Eastspring Investments, Export-Import Bank of the Republic of China and Lotte Capital concluded the syndicate as lead managers.

Proceeds are to repay existing indebtedness.

 

Taiwan

Inotera Memories has secured a NT$15.6 billion five-year term loan through joint bookrunners and mandated lead arrangers Agricultural Bank of Taiwan, Bank of Taiwan, Bank Sinopac, CTBC Bank, Chang Hwa Commercial Bank, EnTie Commercial Bank, E Sun Commercial Bank, First Commercial Bank, Hua Nan Commercial Bank, Lank Bank of Taiwan, Mega International Commercial Bank, Taipei Fubon Commercial Bank, Taiwan Business Bank andTaiwan Cooperative Bank.

Syndication saw Taichung Bank and Yuanta Commercial Bank join in as arrangers.

Proceeds are for general corporate purposes.

 

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