Australia
Musselroe Wind Farm completed a A$277 million facility on Wednesday (February 6) through sole bookrunner and mandated lead arranger NAB.
The debt package is split into a A$137 million ECA covered tranche, a A$137 million term loan and a A$3 million revolver.
Final allocations saw EKF as the sole provider for the ECA covered tranche while NAB provided A$52 million. Mandated lead arrangers SMBC pledged A$25 million while Bank of China and ICBC committed A$22 million each. Participant Credit Industriel et Commercial rounded up the syndicate with A$20 million.
Proceeds are to support the construction of wind farm in Tasmania.
China
Chengdu Ton Yi Industrial and Ton Yi Industrial have obtained a $60 million-equivalent financing through sole bookrunner and mandated lead arranger BNP Paribas.
The facility is split into a Rmb95 million and a renminbi 65 million three-year tranches, and a $22 million and a $13 million five-year tranches. The RMB-denominated tranches are priced at 100% of PBOC rate while the dollar portions are priced at 300bp over Libor.
Syndication saw Bank of Nova Scotia, Bank of Taiwan, Bank of Tokyo-Mitsubishi UFJ, Chang Hwa Commercial Bank, Chinatrust Commercial Bank, DBS, E.Sun Commercial Bank, First Commercial Bank, Hua Nan Commercial Bank, Land Bank of Taiwan, Natixis, OCBC and Taiwan Cooperative Bank join in as mandated lead arrangers.
Proceeds are for capital expenditure purposes.
China Water Affairs Group has secured a $100 million seven-year term loan through bookrunners and mandated lead arrangers Korea Development Bank and RBS.
Syndication saw Chang Hwa Commercial Bank, Chinatrust Commercial Bank, First Commercial Bank and Taiwan Cooperative Bank join in as mandated lead arrangers while KEB Asia Finance, Kookmin Bank and Woori Global Markets Asia came in as lead arrangers. Bank of East Asia, Bank SinoPac, Hang Seng Bank, ICBC, Land Bank of Taiwan, Mega International Commercial Bank, Taichung Commercial Bank, Taiwan Business Bank and Sunny Bank ended up as arrangers.
Proceeds are to support equity investments for water projects.
Far Eastern Polychem Industries has inked a $142 million three-year term loan on a club basis through mandated lead arrangers Chinatrust Commercial Bank, Credit Agricole, HSBC, Mizuho and Taipei Fubon Commercial Bank.
The facility can be drawn in dollars or renminbi. Margin is 130bp over Libor if drawn in dollars and 145bp over Libor if drawn in renminbi. It also comes with a two-year extension option.
Final allocations saw Chinatrust Commercial Bank, Credit Agricole, HSBC and Mizuho provide $30 million each while Taipei Fubon pledged $24 million.
Proceeds are for capital expenditure and working capital purposes.
Hong Kong
Pembrooke Development Investment concluded a HK$6.4 billion three-year and six-month loan package on a club-basis last week (January 30) through mandated lead arrangers ANZ, Agricultural Bank of China, Bangkok Bank, Bank of China, Bank of Communications, Bank of East Asia, DBS, Hang Seng Bank, ICBC, SMBC, Taipei Fubon Commercial Bank and Wing Lung Bank.
Priced at 195bp over Hibor, the facility is split into a HK$2.8 billion term loan and a $HK$3.7 billion portion.
Proceeds are to back the Kau To site development project in Hong Kong and repay existing indebtedness.
India
China Steel Corp India has secured a $110 million six-year term loan through bookrunners and mandated lead arrangers Bank of Taiwan, Chinatrust Commercial Bank, Mega International Commercial Bank, Taishin International Bank and Taiwan Cooperative Bank.
The facility is priced 160bp over Libor.
Final allocations saw Bank of Taiwan, Chinatrust Commercial Bank and Mega International Commercial Bank provide $16 million each while Taishin International Bank and Taiwan Cooperative Bank pledged $12 million each. Participant Chang Hwa Commercial Bank joined in with $11 million while E. Sun Commercial Bank lent $8 million. Hua Nan Commercial Bank and Shanghai Commercial & Savings Bank contributed $7 million each while Land Bank of Taiwan concluded the facility with $6 million.
Proceeds are for capital expenditure and working capital purposes.
Jindal Steel & Power has secured a Rs32.8 billion eight-year and six-month term loan through sole bookrunner and mandated lead State Bank of India.
Syndication saw Andhra Bank, Bank of Baroda, Bank of India, Punjab National Bank, State Bank of Hyderabad and Vijaya Bank join in as participants.
Proceeds are to refinance the development of a 1.6 million tons per annum integrated steel plant and a 1.5 million tons per annum plate mill at Angul, Orissa, India.
Jindal Steel & Power has completed a Rs17.5 billion nine-year financing through sole bookrunner and State Bank of India.
Final allocations saw participant UCO Bank contribute Rs5 billion while L&T Infrastructure Finance provided Rs3 billion. HDFC Bank pledged Rs2.5 billion while State Bank of Bikaner & Jaipur, State Bank of Patiala and State Bank of Travancore lend Rs2 billion each. State Bank of Hyderabad provided Rs1 billion to conclude the syndication.
Proceeds are to refinance the development of a 810MW captive power plant located in Angul, Orissa, India.
ONGC Petro-Additions has signed a Rs149.8 billion loan facility through sole bookrunner State Bank of India.
Priced at 175bp over State Bank of India’s base rate, the financing is split into a Rs128.4 billion 13-year and nine-month term loan and a Rs21.4 billion two-year and six-month term loan.
Syndication saw 32 banks come in as participants.
Proceeds are to support the development of a greenfield petrochemical complex in Dahej SEZ, Gujarat, India.
Visa Steel has concluded a Rs30.5 billion debt package through sole bookrunner and mandated lead arranger State Bank of India.
The financing consists of three term loans of Rs17.9 billion, Rs3.9 billion and Rs1.7 billion maturing in 10 years, and a Rs7 billion one-year credit facility.
Syndication saw 17 banks join in as participants.
Proceeds are to repay existing indebtedness.
Indonesia
Astra Sedaya Finance has completed a $335 million three-year term loan on a club basis through mandated lead arrangers ANZ, Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, DBS, Mizuho, OCBC, Bank Mandiri, Standard Chartered and SMBC.
Final allocations saw Mizuho provide $80 million while DBS and OCBC pledged $50 million each. SMBC provided $30 million while ANZ, Bank of Tokyo-Mitsubishi UFJ, Standard Chartered, BNP Paribas and Bank Mandiri committed $25 million each.
Proceeds are for general corporate purposes.
Pelayaran Kartika Samudra Adijaya has inked an $85 million financing through sole bookrunner OCBC.
Guaranteed by PT Surya Indah Muara Pantai, the facility consists of a $75 million five-year term loan and a $10 million three-year portion.
Syndication saw Bank Chinatrust Indonesia, Bank Danamon Indonesia, Bank OCBC NISP and Indonesia Eximbank come in as participants.
Proceeds are for refinancing and general corporate purposes.
Malaysia
Berjaya Langkawi Beach Resort has sealed a M$145 million seven-year term loan through sole bookrunner and mandated lead arranger OCBC.
The facility is guaranteed by Berjaya Land.
Final allocations saw the lead commit M$120 million while participant Great Eastern Life Assurance lent M$25 million.
Proceeds are to refinance existing indebtedness.
Emas Victoria (L) has concluded a $287 million financing on a club-basis through mandated lead arrangers OCBC and RHB Bank.
The facility is split into a $262 million four-year and two-month term loan and a $25 million four-year guarantee facility.
Proceeds are to finance project costs and refinance existing facilities.
Philippines
San Miguel Corp has obtained a $650 million six-month term loan on a club basis through mandated lead arrangers Deutsche Bank AG and Standard Chartered.
The facility is priced at 165bp over Libor.
Final allocations saw Standard Chartered take $335 million while Deutsche Bank AG provided $315 million.
Proceeds are to refinance existing indebtedness.
