loan-week-august-2228

Loan week, August 22-28

A roundup of the latest syndicated loan market news.
Australia

SPI (Australia) AssetsÆ A$150 million 364-day revolver was sealed last week on a club basis

Allocations saw the mandated leads Commonwealth Bank of Australia and Westpac contributing A$75 million apiece Proceeds are for general corporate purposes

China

China Yurun Food GroupÆs HK$450 million three-year term loan was signed on August 25 via a consortium of four lead arrangers û Bank of Tokyo-Mitsubishi UFJ, Commerzbank, DBS Bank and Rabobank û as a club deal The facility was increased from HK$400 million

Allocations saw DBS Bank providing HK$150 million, while Bank of Tokyo-Mitsubishi UFJ, Commerzbank and Rabobank held HK$100 million each

Proceeds are for capital expenditure and general corporate purposes

A $150 million three-year letter of credit...
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