Australia
Australian Infrastructure Fund sealed a A$100 million two-year facility last week (August 4) through ANZ and Westpac.
Proceeds are to refinance a A$30 million facility signed in 2009.
China
Sole bookrunner SMBC has secured a Rmb430 million three-year term loan for Toyota Motor Finance (China).
Bank of East Asia came in as a mandated lead arranger. Proceeds are for working capital purposes.
Yantai Wanhua Polyurethanes successfully obtained a $70 million term loan through bookrunners and mandated lead arrangers SMBC and Westpac. Banca Monte Dei Paschi Di Siena and State Bank of India joined in as participants.
Proceeds are for working capital and equipment purchases.
India
A Rs56.2 billion 15-year term loan for Adani Power Rajasthan has been sealed through sole mandated lead SBI Capital Markets.
Syndication saw Andhra Bank, Bank of India, Federal Bank, Indian Overseas Bank, Life Insurance Corp of India, Punjab & Sind Bank, Syndicate Bank and Vijaya Bank join in as participants.
Proceeds are for project financing purposes.
Haldia Energy signed a Rs25.6 billion 14-year nine-month facility on Wednesday (August 10) through joint bookrunners ICICI Bank and IDBI Bank.
The term loan will be repaid in 43 quarterly instalments after a one-year grace period.
Final allocations saw IDBI and ICICI commit Rs11.5 billion and Rs11.1 billion respectively. Participant Punjab National Bank came in with Rs3 billion.
Proceeds are to support the development of a 600MW power project at Haldia, West Bengal.
HPCL Mittal Pipelines has completed a Rs14.9 billion 9.5-year facility through sole bookrunner and mandated lead SBI Capital Markets.
Syndication saw Allahbad Bank, Bank of Baroda, Canara Bank, Dena Bank, State Bank of India and State Bank of Patiala come in as participants.
Proceeds are to refinance an existing project financing facility signed in January 2008.
A Rs17.5billion 9.9-year term loan for Jindal Steel and Power was inked last week through sole bookrunner SBI Capital Markets.
The loan package will be repaid in 33 quarterly instalments after a nine-month grace period.
Final allocations saw participant UCO Bank commit Rs5 billion while L&T Infrastructure Finance gave Rs3 billion. HDFC Bank contributed Rs2.5 billion while State Bank of Bikaner & Jaipur, State Bank of Patiala and State Bank of Travancore took Rs2 billion each. State Bank of Hyderabad ended up with Rs1 billion.
Proceeds are to construct an 810MW captive power plant at Angul, Orissa.
Matix Fertilizers and Chemicals successfully completed a Rs32.6 billion 12-year term loan on Tuesday (August 9) through sole bookrunner IDBI.
The facility will be repaid in 33 quarterly instalments after a 15-month grace period.
Final allocations saw the lead pledge Rs5 billion while participants Energy Projects India and Yes Bank committed Rs4 billion and Rs3.6 billion respectively. Axis Bank, Canara Bank and Central Bank of India lent Rs3 billion each while Bank of India gave Rs2.5 billion. Corporation Bank, Punjab National Bank and United Bank of India took Rs2 billion each while Export-Import Bank of India provided Rs1.5 billion. State Bank of Hyderabad rounded up the syndicate with Rs1 billion.
Proceeds are for project financing purposes.
Taiwan
Chipbond Technology has signed a NT$2 billion-equivalent five-year working capital revolver through sole bookrunner Taipei Fubon Commercial Bank. The loan amount is available in US dollars and NT dollars.
Syndication saw Chinatrust Commercial Bank come in as a mandated lead arranger while Bank of Taiwan, First Commercial Bank, Taichung Commercial Bank, Taiwan Business Bank and Yuanta Commercial Bank joined in as lead arrangers.
Compeq Manufacturing (Huizhou) has amended a $76 million five-year facility, originally completed in April 2008, through Chinatrust Commercial Bank, E.Sun Commercial Bank, Far Eastern International Bank, Mega International Commercial Bank, Ta Chong Bank, Taipei Fubon Commercial Bank and Taiwan Cooperative Bank.
In this amendment, the tenor has been extended by 42 months and the margin has been changed from 80bp to 120bp over Libor.
Proceeds are for refinancing and working capital purposes.
Sinbon Electronics and its subsidiaries have obtained a NT$700 million and $21 million financing through bookrunners DBS, Land Bank of Taiwan, Mega International Commercial Bank, Taishin International Bank and Taipei Fubon Commercial Bank.
The financing comprises a NT$700 million five-year term loan and a $21 million one-year revolving credit which is priced at 120bp over secondary CP rate or Libor respectively.
Syndication saw HSBC and Ta Chong Bank join in as coordinating arrangers.
Proceeds are for refinancing and working capital purposes.
Solar Applied Materials Technology successfully secured a NT$2 billion and $260 million five-year facility through bookrunners Bank of Taiwan, Chang Hwa Commercial Bank, First Commercial Bank, Hua Nan Commercial Bank, Land Bank of Taiwan, Mega International Commercial Bank, Sunny Bank and Taipei Fubon Commercial Bank.
The debt package is split into a NT$2 billion term loan, a $240 million tranche, a $16 million facility and a $4 million portion.
Taiwan Shin Kong Commercial Bank came in as a mandated lead arranger while Bank Sinopac, Bangkok Bank, Chinatrust Commercial Bank and Taishin International Bank came in as participants.
Proceeds are for refinancing, equipment purchase and working capital purposes.
Walsin Lihwa Holdings signed a $460 million three-year loan on Wednesday (August 10) through coordinating arrangers Bank of Taiwan, Bank of Tokyo-Mitsubishi UFJ, Chang Hwa Commercial Bank, Chinatrust Commercial Bank, E.Sun Commercial Bank, First Commercial Bank, Hua Nan Commercial Bank, Land Bank of Taiwan, Mega International Commercial Bank, Taipei Fubon Commercial Bank and Taiwan Cooperative Bank.
Guaranteed by Walsin Lihwa Corp, the bullet deal is priced at 68bp over Libor.
Final allocations saw the leads commit $40 million each while Export-Import Bank of the Republic of China came in as a participant with $20 million.
Proceeds are for working capital purposes.
