Loan week, April 16-22

A roundup of the latest syndicated loan market news.

Australia

Port of Portland's A$64.3 million three-year fundraising has been completed via lenders Australia and New Zealand Banking Group and National Australia Bank.

Proceeds are to refinance existing debt facilities.

Hong Kong

A HK$3 billion dual-tranche facility for Kingboard Laminates Holdings was completed earlier this week via mandated lead arrangers and bookrunners DBS Bank, HSBC and Standard Chartered Bank.

Underwritten by the bookrunners, the deal is split into a HK$1.5 billion term loan and a HK$1.5 billion revolver.

Final allocations saw DBS Bank and HSBC commit HK$500 million each, while Standard Chartered Bank pledged HK$450 million. Coordinating arranger Wing Lung Bank took HK$170 million and United Overseas Bank...

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