Bangladesh
Bangladesh Power Development Board has inked a $257 million 13-year export credit facility on a club basis through mandated lead arranger HSBC.
Final allocations saw the lead pledge $26 million while participants ICBC and Export- Import Bank of China joined in with $141 million and $90 million, respectively.
Proceeds are for trade finance purposes.
China
Citic Resources Holdings has signed a $260 million three-year term loan through joint bookrunners Bank of China, CTBC Bank, China Construction Bank, DBS, SMBC and Taishin International Bank.
Final allocations saw CTBC Bank, China Construction Bank and DBS contribute $50 million each while Bank of China and SMBC hold $35 million apiece. Taishin International Bank came in with $30 million while participant Bank of Taiwan rounded up the group with $10 million.
Proceeds are to repay existing indebtedness.
India
ABG Shipyard has obtained a $2.7 billion debt package through sole bookrunner and mandated lead arranger State Bank of India.
The facility consists of 14 tranches.
Syndication saw 28 local banks come in as participants.
Proceeds are for debt repayment, working capital and general corporate purposes.
Bharti Airtel International (Netherlands) has inked a $245 million one-year term loan through sole bookrunner and mandated lead arranger Axis Bank.
The facility is fully-underwritten by the lead.
Final allocations saw participant Bank of India provide $196 million while Axis Bank lent $49 million.
Proceeds are to repay existing indebtedness.
Greatship Global Energy Services has raised a $200 million six-year-and-five-month term loan through joint mandated lead arrangers Bank of America Merrill Lynch, Bank of Nova Scotia, DNB Markets and ING on a club basis.
Greatship (India) was the guarantor of this transaction.
Proceeds are to refinance the jack-up drilling rig “Greatdrill Chitra” and to support the construction of a new Mobile Offshore Self Elevating Drilling Rig.
Jindal Steel & Power has sealed a Rs15 billion 10-year term loan through sole bookrunner ICICI Bank.
The single tranche facility will be repaid by quarterly installments.
Final allocation saw the lead takes Rs10 billion while participant Syndicate Bank gave Rs5 billion.
Proceeds are for general corporate purposes.
Shiv-Vani Oil & Gas Exploration Services has completed a Rs34.2 billion financing through sole bookrunner State Bank of India.
The facility comprises six term loan tranches and one revolving credit facility.
Syndication saw Andhra Bank, Bank of India, Bank of Maharashtra, Central Bank of India, Corporation Bank, Export-Import Bank of India, Indian Overseas Bank, IndusInd Bank, Industrial Finance Corp of India, L&T Infrastructure Finance, Life Insurance Corp of India, Oriental Bank of Commerce, Punjab National Bank, State Bank of Hyderabad, State Bank of Patiala, State Bank of Travancore, Tata Capital, UCO Bank, Union Bank of India, United Bank of India and Yes Bank come in as participants.
Proceeds are for debt restructuring purposes.
Indonesia
Namasindo Plas has secured a $65 million eight-year credit facility on a club basis through sole mandated lead arranger Citi.
Syndication saw KfW and FMO join in as participants.
Proceeds are for trade finance purposes.
Mauritius
Pan-Asia iGate Solutions has inked a $360 million financing through bookrunners and mandated lead arrangers DBS, Deutsche Bank, ING and Standard Chartered Bank.
The facility is split into a $270 million five-year term loan and a $90 million nine-month bridge portion.
Final allocations saw the leads commit $61 million each while Siemens Financial Services joined in with $35 million as mandated lead arranger. Mizuho pledged $25 million while five other banks came in at a lower tier.
Proceeds are for general corporate purposes.
Singapore
Lite-on Mobile has completed a $200 million five-year term loan through joint bookrunners Bank SinoPac, CTBC Bank, Chang Hwa Commercial Bank, Citi, HSBC, Hua Nan Commercial Bank, Land Bank of Taiwan, Mega International Commercial Bank, SMBC, Taipei Fubon Commercial Bank, Taishin International Bank and Taiwan Cooperative Bank.
Lite-On Technology was the guarantor for the financing.
Syndication saw First Commercial Bank join in at lower level.
Proceeds are for refinancing purposes.
Taiwan
Taisun Enterprise has closed a $55 million-equivalent five-year term loan through joint bookrunners Agricultural Bank of Taiwan, Chang Hwa Commercial Bank, DBS, First Commercial Bank and Mega International Commercial Bank.
The facility contains a NT$1.4 billion tranche and a $10 million portion.
During syndication, Industrial Bank of Taiwan, Taiwan Shin Kong Commercial Bank and Yuanta Commercial Bank came in as participants.
Proceeds are to repay existing indebtedness and for general corporate purposes.
