Australia
GrainCorp Operations has obtained a A$800 million one-year credit facility through sole bookrunner and mandated lead arranger Rabobank.
Syndication saw ANZ and NAB join in as arrangers.
Proceeds are for working capital.
China
China Overseas Land & Investment has obtained a HK$14 billion term loan on a club basis through mandated lead arrangers Agricultural Bank of China, Bank of China, Bank of East Asia, China Construction Bank, DBS, Hang Seng Bank, HSBC, ICBC, OCBC Wing Hang Bank, OCBC, Shanghai Pudong Development Bank, SMBC and UOB.
The facility is split into a HK$3 billion three-year tranche and a HK$11 billion five-year portion.
Proceeds are for refinancing and general corporate purposes.
Suzhou Jinhui Xinyuan Real Estate Co Ltd has obtained a Rmb 700 million term loan through sole bookrunner and mandated lead arranger Bank of China.
The facility is guaranteed by Jin Hui Group.
Final allocations saw the lead give Rmb 350 million while ICBC provided Rmb 350 million as a participant.
Proceeds are for capital expenditure.
Wujiang Hengtong Property Development has signed a Rmb 900 million three-year term loan through sole bookrunner and mandated lead arranger Bank of China.
The facility is priced at 130% of PBOC rate.
Final allocations saw the lead provide Rmb 250 million while ICBC held Rmb 150 million. Agricultural Bank of China and China Citic Bank concluded the deal with Rmb 300 million and Rmb 200 million, respectively.
Proceeds are for capital expenditure.
Hong Kong
Hong Kong Xiangguang International Holdings has secured a $320 million three-year term loan through sole bookrunner and mandated lead arranger BNP Paribas.
Final allocations saw the lead provide $50 million while ING joined in with $50 million as mandated lead arranger. ABN AMRO, Bank of China, Deutsche Bank and Westpac came in with $40 million each while Bank of Taiwan and SMBC joined in with $15 million apiece as managers. Chang Hwa Commercial Bank, CTBC Bank and Taiwan Cooperative Bank concluded the syndicate with $10 million each.
Proceeds are for working capital purposes.
India
Keystone Realtors has obtained a Rs1.7 billion two-year term loan through sole bookrunner and mandated lead arranger Standard Chartered.
Final allocations saw the lead lend Rs950 million while ICBC joined in with Rs700 million as participant.
Proceeds are for capital expenditure purposes.
Puravankara Projects has sealed a Rs3.6 billion term loan through sole bookrunner and mandated lead arranger Standard Chartered.
The debt package comprises of a Rs2.2 billion two-year portion and a Rs1.4 billion 2.5-year tranche.
Final allocations saw the lead commit Rs1.3 billion while Karur Vysya Bank, State Bank of Hyderabad and State Bank of Mysore joined in with Rs500 million each as participants. South Indian Bank provided Rs400 million while State Bank of Bikaner & Jaipur concluded the syndicate with Rs334 million.
Proceeds are to support construction costs and to refinance existing indebtedness.
Singapore
HSBC Institutional Trust Services (Singapore) has inked a S$120 million term loan on a club basis through mandated lead arrangers HSBC, Maybank and UOB.
The facility is split into a S$90 million two-year tranche and a S$30 million five-year portion.
Final allocations saw the arrangers pledge S$40 million each.
Proceeds are to refinance existing indebtedness.
Taiwan
Taiwan Cogeneration has sealed a NT$720 million five-year term loan on a club basis through joint mandated lead arrangers Bank of Taiwan, CTBC and Mega International Commercial Bank.
The facility is divided into a NT$240 million tranche and a NT$480 million portion.
Final allocations saw each banks contribute equally to the facility.
Proceeds are for refinancing purposes.
Thailand
E for L Aim has secured a THB1.4 billion term loan on a club basis through mandated lead arrangers CIMB and Kasikornbank.
The debt package is split into a THB1 billion five-year tranche and a THB400 million one-year portion.
Proceeds are to support share subscription.
