Hong Kong
Brilliant Circle Holdings International has sealed a HK$500 million three-year term loan through bookrunners and mandated lead arrangers ANZ and DBS.
Guaranteed by Brilliant Circle Development and CT Printing, the facility offers a margin of 375bp over Hibor.
Syndication saw China Minsheng Bank join in as a mandated lead arranger while Chang Hwa Commercial Bank and China Development Industrial Bank came in as lead arrangers. Citic Bank International, First Commercial Bank and Hua Nan Commercial Bank ended up as arrangers.
Proceeds are for acquisition and general corporate purposes.
China Resources Land has completed a HK$3.4 billion three-year term loan on a club-basis through mandated lead arrangers Bank of China, Bank of East Asia, Bank of Tokyo-Mitsubishi UFJ, DBS, Mizuho, OCBC, Shanghai Commercial Bank, SMBC, Wing Hang Bank and Wing Lung Bank.
The facility, which was oversubscribed and upsized from HK$3 billion, is priced at 210bp of Hibor.
Proceeds are for refinancing and working capital purposes.
Great Unison has obtained a HK$500 million five-year guaranteed term loan on a club-basis through mandated lead arrangers Bank of China, HSBC and Shanghai Commercial Bank.
Proceeds are for working capital purposes.
Minmetals Capitals & Securities has secured a $500 million three-year facility through bookrunners and mandated lead arrangers Agricultural Bank of China, Bank of China, Bank of Tokyo-Mitsubishi UFJ, DBS, Hang Seng Bank, Mizuho, OCBC, UOB and Wing Lung Bank. The deal was oversubscribed and increased from $250 million.
Guaranteed by China Minmetals Corp, the facility is equally split into a term loan and a revolver, which features a spread of 190bp over Libor.
Final allocations saw the leads commit $48 million each while ICBC and Standard Chartered joined in with $23 million each as mandated lead arrangers. Westpac ended up with $22 million.
Proceeds are for working capital and general corporate purposes.
Tianjin Port Development Finance signed a HK$2 billion three-year term loan on a club-basis through mandated lead arrangers Bank of China, Bank of East Asia, DBS, Hang Seng Bank and ICBC.
Guaranteed by Tianjin Port Development Holdings, the facility features a margin of 275bp over Hibor.
Proceeds are for general corporate purposes, and to partially refinance term loans of HK$1 billion and HK$1.6 billion, respectively, that are due to mature in December 2012.
Taiwan
Everlight Electronics has completed a NT$6 billion fundraising through mandated lead arrangers and bookrunners Bank of Taiwan, E.Sun Commercial Bank, Land Bank of Taiwan and Taipei Fubon Commercial Bank.
The five-year debt package is split into a NT$4 billion term loan and a NT$2 billion revolving credit facility, which are priced at 63bp over the 90-day secondary commercial-paper rate with a pre-tax interest rate floor of 1.5%.
Syndication saw Bank of Taiwan lend NT$1.6 billion while E.Sun Commercial Bank, Land Bank of Taiwan and Taipei Fubon Commercial Bank committed NT$870 million each. Participants Agricultural Bank of Taiwan, Chang Hwa Commercial Bank, Far Eastern International Bank gave NT$490 million each while Taiwan Cooperative Bank rounded up the syndicate with NT$300 million.
Proceeds are to refinance existing convertible bonds totalling NT$5.5 billion and for working capital purposes.
Opto Tech Corp has secured a NT$2 billion dual-tranche financing through mandated lead arrangers and bookrunners Mega International Commercial Bank, Taipei Fubon Commercial Bank and Taiwan Cooperative Bank.
The five-year multi-currency deal, which is available in Taiwan dollars, US dollars and yen, comprises a NT$700 million term loan and a NT$1.3 billion revolving credit.
Final allocations saw Taiwan Cooperative Bank take NT$600 million while the other two leads contributed NT$300 million each. Participants Agricultural Bank of Taiwan, Chang Hwa Commercial Bank, First Commercial Bank and Hua Nan Commercial Bank gave NT$150 million each while E.Sun Commercial Bank held NT$100 million. Taishin International Bank and Taiwan Shin Kong Commercial Bank ended up with NT$50 million respectively.
Proceeds are to refinance an existing facility signed in February 2008 and for working capital purposes.
Uni-President China Holdings has obtained a $30 million one-year revolving credit facility through sole mandated lead arranger and bookrunner Bank of Tokyo-Mitsubishi UFJ.
Final allocations saw the lead commit $20 million while Norinchukin Bank came in as a lender with $10 million.
Proceeds are for working capital purposes.
Vibo Telecom has signed a NT$2.7 billion financing through mandated lead arrangers and bookrunners Chinatrust Commercial Bank, DBS, Ta Chong Bank and Taishin International Bank. The facility was oversubscribed and upsized from NT$2.5 billion.
Secured by machinery and equipment, the three-year loan comprises a NT$1.3 billion revolving credit and a NT1.4 billion term loan. The facility also features a two-year extension option.
Final allocations saw the leads take NT$450 million each while lead arrangers Bank Sinopac, EnTie Commercial Bank and Industrial Bank of Taiwan pledged NT$200 million each. Participants Bank of Taiwan lent NT$140 million while Chang Hwa Commercial Bank and Farglory Life Insurance held NT$100 million respectively.
Proceeds are for refinancing and working capital purposes.
