Hong Kong
Golden Eagle International Trading has sealed a $345 million-equivalent three-year dual-tranche loan through bookrunners and mandated lead arrangers Citi, Hang Seng Bank, HSBC, Standard Chartered and Taipei Fubon Commercial Bank.
Guaranteed by Golden Eagle Retail Group and its subsidiaries, the bullet loan is split into a HK$665 million tranche and a $260 million portion.
Syndication saw Bank of East Asia join in as a lead arranger while Bank of Taiwan, Bank Sinopac, Cathay United Bank, Chinatrust Commercial Bank, E.Sun Commercial Bank, First Commercial Bank, Hua Nan Commercial Bank, Industrial Bank of Taiwan, Mega International Commercial Bank, Taiwan Cooperative Bank and Yuanta Commercial Bank came in as arrangers.
Proceeds are for debt repayment and general corporate purposes.
India
IOT Utkal Enery Services secured a Rs25 billion 13-year term loan last week through sole bookrunner and mandated lead arranger SBI Capital Markets.
The facility is split into a Rs23.5 billion tranche and a Rs1.5 billion portion. It offers a margin of 125bp over the State Bank of India base rate, and will be repaid in 46 quarterly instalments after a nine-month grace period.
Syndication saw Andhra Bank, Bank of Baroda, Bank of India, Canara Bank, Corporation Bank, Dena Bank, Punjab & Sind Bank, State Bank of India, State Bank of Mysore, State Bank of Travancore, UCO Bank and Union Bank of India join in at lower tiers.
Proceeds are to refinance an existing project financing facility.
Indian Oil Corp has secured a $250 million five-year transferable term loan through mandated lead arrangers and bookrunners Mizuho, State Bank of India and SMBC.
Syndication saw Aozora Bank, Bank of Taiwan, DBS, DZ Bank, E.Sun Commercial Bank, First Commercial Bank, Hua Nan Commercial Bank, Mega International Commercial Bank, Qatar National Bank, Shinsei Bank, Taiwan Cooperative Bank and United Taiwan Bank join in as lead arrangers while Export-Import Bank of the Republic of China and Sumitomo Mitsui Trust Bank came in as arrangers. Cathay United Bank, Hachijuni Bank and Taiwan Business Bank joined in as participants.
Proceeds are for capital expenditure purposes.
Rural Electrification Corp completed a $230 million yen-equivalent five-year loan on Monday (April 16) through mandated lead arrangers and bookrunners Bank of Tokyo-Mitsubishi UFJ, Mizuho and SMBC. The deal was oversubscribed and upsized from $150 million.
Final allocations saw the leads commit $50 million each while lead arrangers Mega International Commercial Bank and Sumitomo Mitsui Trust Bank contributed $16 million and $12 million, respectively. Aozora Bank, Taiwan Cooperative Bank and United Overseas Bank gave $9 million each while United Taiwan Bank and arranger Bank of Taiwan took $7 million each. Export-Import Bank of the Republic of China joined in with $6 million while Taichung Commercial Bank ended up with $5 million.
Proceeds are for infrastructure financing purposes.
Sabarmati Gas has concluded a Rs2 billion dual-tranche term loan through sole bookrunner and mandated lead arranger SBI Capital Markets.
The transaction consists of a Rs1.6 billion 10-year tranche and a Rs354 million four-year, three-month portion, which will be repaid in 26 and 17 quarterly instalments, respectively.
Syndication saw Bank of Baroda contribute Rs693 million while Corporation Bank provided Rs594 million. Union Bank of India and Bank of India pledged Rs419 million and Rs288 million respectively.
Proceeds are to refinance a Rs2.7 billion loan signed in December 2007 and for the expansion of its urban gas distribution network.
Japan
Hachigokan PFI has signed a ¥16.3 billion 12-year facility through bookrunners and mandated lead arrangers Mizuho and Shinkin Central Bank.
The debt package consists of a ¥14.7 billion term loan and a ¥1.6 billion commitment line.
Syndication saw Ashikaga Bank, Chiba Bank, Setagaya Shinkin Bank, Shiba Shinkin Bank and Toho Bank join in as participants.
Proceeds are for the development and construction of a central government building in Tokyo.
Taisei Corp has successfully obtained a ¥3.7 billion term loan through sole bookrunner and mandated lead arranger Mizuho.
The facility is split into a ¥3.2 billion one-year tranche and a ¥565 million 25-year portion.
Syndication saw Ehime Bank join in as participant.
Proceeds are for the development of a junior high school and a town library in Kagawa Prefecture, Japan.
Tokyo International Air Terminal Corp has secured a ¥127.3 billion facility through sole bookrunner and mandated lead arranger Mizuho.
Syndication saw DBJ and Bank of Tokyo-Mitsubishi UFJ come in as mandated lead arrangers while Bank of Fukuoka, Bank of Yokohama, Chiba Bank, Daishi Bank, Hiroshima Bank, Hokkaido Bank, Hyakujushi Bank, Iyo Bank, Mizuho Trust & Banking, Resona Bank, San-In Godo Bank SMBC, Senshu Ikeda Bank, Shinkin Central Bank, SMBC, Sompo Japan Insurance and Sumitomo Trust & Banking join in as participants.
Proceeds are to support the construction and development of the Tokyo International Airport Terminal Building.
South Korea
Samsung-BP Chemicals has signed a $20 million one-year term loan through mandated lead arrangers Bank of Tokyo-Mitsubishi UFJ and SMBC.
Proceeds are for refinancing and working capital purposes.
Taiwan
Acelon Chemicals & Fiber Corp and Acegreen Eco-Material Tech completed a NT$600 million seven-year term loan on Tuesday (April 17) through sole bookrunner and mandated lead arranger Land Bank of Taiwan.
The multi-tranche facility comprises a NT$120 million tranche, a NT$110 million portion and a NT$370 million credit facility. The debt package is priced at 125bp over the 90-day secondary CP rate and will be repaid in 21 quarterly instalments after a two-year grace period.
Final allocations saw the lead take NT$300 million while manager Mega International Commercial Bank provided NT$100 million. Managers Agricultural Bank of Taiwan and Taiwan Cooperative Bank gave NT$75 million each while Industrial Bank of Taiwan committed NT$50 million.
Proceeds are for refinancing and capital expenditure purposes.
Golden Circuit Electronics successfully signed a NT$2.2 billion four-year facility through bookrunners and mandated lead arrangers E.Sun Commercial Bank, Taipei Fubon Commercial Bank and Taishin International Bank.
The facility was oversubscribed and upsized from NT$2 billion and is split into a NT$1.1 billion term loan and a NT$1.1 billion revolver.
Final allocations saw the leads provide NT$400 million each while participants Chang Hwa Commercial Bank, Industrial Bank of Taiwan, Mega International Commercial Bank, Taiwan Shin Kong Commercial Bank, Taichung Commercial Bank pledged NT$200 million each.
Proceeds are to refinance a NT$2 billion loan signed in 2008 and for working capital purposes.
Orient Semiconductor Electronics closed a NT$1.7 billion five-year term loan on Wednesday (April 18) through bookrunners Bank of Taiwan, First Commercial Bank, Hua Nan Commercial Bank, Mega International Commercial Bank, Taiwan Business Bank and Taiwan Cooperative Bank.
The secured facility consists of a NT$1.1 billion tranche and a NT$560 million portion, which are priced at 220bp and 200bp over a 90-day primary CP rate correspondingly.
Final allocations saw First Commercial Bank commit NT$500 million while the other leads gave NT$200 million each. Manager Land Bank of Taiwan provided NT$60 million while managers Bank SinoPac and Chinatrust Commercial Bank took NT$50 million each.
Proceeds are for refinancing and capital expenditure purposes.
