ENZA FinanceÆs NZ$100 million one-year revolving credit has been inked via sole lead arranger and bookrunner ANZ.
Coming in as the only participant was Rabobank with both banks committing equal holds of NZ$50 million each.
Newcastle Coal InfrastructureÆs A$1.2 billion multi-tranche debt package has been completed via a consortium of seven lead arrangers on a club basis û ANZ, Dexia Bank, DZ Bank, KBC Structured Finance, Oversea-Chinese Banking Corporation, Sumitomo-Mitsui Banking Corporation and Suncorp Metway.
The facility is split into five bullet tranches, including two term loans of A$800 million and A$270 million resppectively, a A$25 million letter of credit and a A$75 million revolver, all with tenors of eight years. The final portion is a one-year A$30 million revolving credit.
Proceeds are to support the development of a coal export terminal at Kooragang Island in Newcastle.
A NZ$250 million one-year standby facility for Transpower Finance was signed on (January 28) via sole bookrunner ANZ.
Final allocations saw ANZ committing NZ$71.5 million. Rounding off the syndicate were ABN AMRO, Bank of New Zealand, Citi, Commonwealth Bank of Australia and Westpac, which provided NZ$35.7 million apiece.
Indonesia
PT Delta Merlin Sandang TextileÆs $70 million facility was inked on January 31 via mandated leads PT Bank Ekspor Indonesia (Persero), PT ANZ Panin Bank and Standard Chartered Bank. Standard Chartered was the original lead and sole bookrunner.
The loan pays a spread of 375bp over Libor. PT Delta Merlin Dunia Textile is acting as the guarantor.
Three other banks completed the syndicate û PT Bank Permata, PT Bank OCBC Indonesia and Bank of China (Jakarta Branch). Allocations were not disclosed.
Proceeds are for working capital purposes.
Macau
MGM Grand ParadiseÆs $400 million seven-year self-arranged financing was finally signed on Monday (February 4) via a consortium of nine co-ordinating arrangers - Banc of America Securities Asia, Banco Nacional Ultramarino, Bank of China (Macau Branch), BNP Paribas (Hong Kong Branch), CCB International Finance, Hang Seng Bank, HSBC, Royal Bank of Scotland and Sumitomo Mitsui Banking Corporation.
Final allocations saw Bank of China (Macau Branch) providing $50 million while Hang Seng Bank took $8 million. The other seven banks all took an equal share of $14 million apiece.
Coming in as arrangers were Commerzbank and Bank of Scotland committing $42 million and $38 million respectively. Citic Ka Wah Bank gave $30 million while Areal Bank Asia, Bank of Nova Scotia, Banco Commercial Portugues Macau and Calyon contributed $20 million apiece. BayernLB held $14 million.
Senior managers Banco Comercial de Macau also gave $14 million while Bank of East Asia Macau and United Overseas Bank provided $10 million each. Coming in as a manager was Allied Irish Bank with a hold of $6 million.
The funds are to support the development of the MGM Grand Macau hotel-casino resort.
Singapore
FirstOfficeÆs (SPV of LaSalle Asia Opportunity Fund III and Lum Chang Holdings) S$222.3 million four-year credit was completed on January 31 via original mandated arrangers and bookrunners Standard Chartered Bank and United Overseas Bank. Commonwealth Bank of Australia (Singapore Branch) joined in as an equal-status arranger.
The dual-tranche facility is split into a S$147 million land loan and a S$75.3 million construction portion, both with a margin of 100bp over SOR.
Syndication saw Bank of China (Singapore Branch) and Bank of India (Singapore Branch) coming in as lead arrangers. Bank of Taiwan (Singapore Branch), PT Bank Mandiri (Persero) (Singapore Branch) and UCO Bank Singapore rounded off the syndicate.
The funds are to support and finance the acquisition and development of a Grade A office building.
Taiwan
Lih Pao ConstructionÆs NT$1.95 billion three-year term loan has been inked via mandated leads Bank of Taiwan and Taiwan Cooperative Bank.
The margin was priced at 76bp over Taiwan Cooperative BankÆs one-year floating savings rate. The loan is secured over the companyÆs unsold land and buildings.
The mandated arrangers both held NT$730 million apiece while Taiwan Business Bank contributed NT$490 million as a participant.
An NT$862 million one-year and nine-month debt facility for Vertex Precision Electronics was signed on January 31 via sole lead arranger Taishin International Bank. The loan was decreased from NT$1.8 billion.
The deal pays a spread of 100bp over the primary CP rate. The commitment fee is 25bp.
Final allocations saw the bookrunner and co-ordinating arrangers China Development Industrial Bank, Taipei Fubon Commercial Bank and Yuanta Commercial Bank committing NT$107.75 million apiece.
Coming in as managers were Standard Chartered Bank (Taiwan Branch), which provided NT$86.2 million, and Bank of Pan Shin, Bowa Bank, Hwa Nan Commercial Bank, Hwatai Bank, Shin Kong Commercial Bank and The Chinese Bank, which all took an equal share of NT$43.1 million.
Participants Asia Trust and Investment Corporation and Citi (Taiwan Branch) also held NT$43.1 million each.
Proceeds are to refinance existing debt.
Thailand
A $130 million dual-tranche fundraising for Maxxis International has been inked via mandated leads Bangkok Bank and Mega International Commercial Bank on a club basis.
The loan comprises a $100 million tranche and a $30 million portion. Both term loans have a tenor of seven years and were syndicated in dual currencies. The commitment fee was 25bp.
Allocations saw Bangkok Bank provide the $100 million loan on a sole basis, while Mega International Commercial Bank committed to the $30 million tranche.
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