The largest Australia technology facility signed in 2015 YTD
SEEK has sealed a $653 million equivalent dual currency financing through joint bookrunners and mandated lead arrangers HSBC and NAB.
The revolver is split into an A$183 million two-year portion, an A$335 million three-year loan and a $273 million four-year tranche. Syndication saw ANZ and Westpac join in as mandated lead arrangers while Bank of Tokyo-Mitsubishi UFJ, CBA, SMBC and UOB completed the syndicate as co-arrangers. Proceeds are for general corporate purposes.
The deal is the largest technology sector loan signed in Australia so far this year and brings total volume to $1 billion in 2015 year-to-date, down 52% year-on-year.
Capital expenditure loan volume at the highest YTD level in India
Kaithal Tollway has completed a Rs14 billion 19-year and 3-month term loan through joint bookrunners and mandated lead arrangers Bajaj Consultants and IDBI.
Syndication saw Bank of Baroda, Bank of Maharashtra, Canara Bank, IDFC, India Infrastructure Finance, Indian Overseas Bank and Union Bank of India come in as lenders. Proceeds are for capital expenditure purposes.
Loans for capital expenditure purposes by Indian borrowers have reached $9.1 billion via 40 deals in 2015 year-to-date, up 72% on 2014 year-to-date ($5.4 billion). This is reflected in the Asia Pacific (ex Japan) capital expenditure loan volume with $50.1 billion in 2015 year-to-date, up 65% year-on-year.
