A Rs6.1 billion 10-year term loan for Khed Economic Infrastructure has been signed via sole bookrunner SBI Capital Markets.
The facility is sponsored by Kalyani Group and Maharashtra Industrial Development Corp, and will be repaid in 28 quarterly installments after a four-month grace period.
Final allocations saw participants Axis Bank pledge Rs1.7 billion, while Bank of Baroda and Bank of Maharashtra gave Rs1.1 billion each. Canara Bank and Union Bank of India lent Rs800 million apiece, while Dena Bank rounded out the syndicate with Rs600 million.
Proceeds are to implement a multi-product Special Economic Zone (SEZ) in the State of Maharashtra.
Plaza Indonesia Realty’s $105 million deal was successfully signed on February 17 via sole lead CIMB Bank.
The term loan is split into a $35 million onshore tranche and a $70 million offshore facility, which is priced at 400bp over Libor.
Syndication saw the sole lead lend $35 million, while lead arranger Qatar National Bank committed $25 million. RHB Bank contributed $20 million and arrangers Raiffeisen Zentralbank Oesterreich Woori Bank ended up with $15 million and $10 million respectively.
Proceeds are to refinance a $150 million term loan signed in September 2006.
A $145 million four-year term loan for Serasi Autoraya has been completed on a club basis via a consortium of seven mandated lead arrangers.
The transaction is priced at 210bp over Libor for onshore lenders, while the margin for offshore lenders is 195bp over the same rate.
Syndication saw Standard Chartered Bank join in with $30 million, while Oversea-Chinese Banking Corp took $25 million. Bank of Tokyo-Mitsubishi UFJ, HSBC (Jakarta) and Mizuho Corporate Bank committed $20 million each, while Bank UOB Buana and United Overseas Bank ended up with $15 million apiece.
Proceeds are for the purchase of fixed assets and for working capital purposes.
Asia Square Tower 2 has obtained an S$830 million four-year deal via mandated lead arrangers DBS Bank, Maybank (Singapore), Oversea-Chinese Banking Corp, Standard Chartered Bank and United Overseas Bank.
The secured term loan offers a margin of 280bp over the Singapore dollar SOR rate.
Syndication saw Credit Agricole join in as a lead arranger.
Proceeds are to support the development of Asia Square Tower 2.
A S$4.2 billion deal for Resorts World at Sentosa was signed in early February via bookrunners Bank of Tokyo-Mitsubishi UFJ, DBS Bank, HSBC, Oversea-Chinese Banking Corp and Sumitomo Mitsui Banking Corp.
The debt package consists of a S$3.5 billion seven-year term loan, a S$500 million five-year revolving credit and a S$193 million guarantee facility solely provided by DBS Bank and Oversea-Chinese Banking Corp.
Syndication saw Commerzbank, Maybank and Royal Bank of Scotland come in as mandated lead arrangers, while Bangkok Bank, CIMB Bank and Credit Agricole joined in as lead arrangers. Bank of China, Bank of East Asia, Bank of Nova Scotia, BNP Paribas, Citibank, Hong Leong Finance, National Australia Bank and RHB Bank participated as arrangers.
Proceeds are to refinance the $4.2 billion project financing, signed in July 2008, that supported the construction of Resorts World at Sentosa.
AGI Corp’s NT$1.2 billion multi-tranche facility was signed on February 11 via bookrunners Chinatrust Commercial Bank and First Commercial Bank.
The debt package was oversubscribed and upsized from NT$1.1 billion. It consists of a NT$540 million five-year term loan, a NT$160 million three-year term loan and a NT$500 million revolver, all priced at 170bp over the 90- or 180-day secondary CP rate.
Agricultural Bank of Taiwan, Taiwan Business Bank and Yuanta Commercial Bank joined in as mandated lead arrangers. Bank of Kaohsiung, Cathay United Bank, Hua Nan Commercial Bank, Hwatai Commercial Bank, Shanghai Commercial & Savings Bank, Taipei Fubon Commercial Bank and Taiwan Shin Kong Commercial Bank participated at lower tiers.
Proceeds are to refinance existing indebtedness, for working capital and capital expenditure purposes.
eTurbotouch Technology’s NT$450 million five-year loan was signed on February 15 via sole bookrunner and mandated lead arranger First Commercial Bank.
Guaranteed by the chairman, the transaction comprises two NT$135 million term loans and a NT$180 million revolving credit. The deal offers a margin of 100bp over the 90-day secondary CP rate with a commitment fee of 25bp.
Final allocations saw the sole lead hold NT$150 million, while participants Agricultural Bank of Taiwan and Taiwan Business Bank took NT$100 million apiece. Taichung Commercial Bank and Cosmos Bank came in with NT$50 million each.
Proceeds are for refinancing, equipment purchase and working capital purposes.
Grand Pacific Credit’s NT$1.4 billion revolver was signed on February 17 via sole bookrunner and mandated lead arranger Land Bank of Taiwan.
The three-year deal is priced at 85bp over the secondary CP rate with a commitment fee of 15bp.
Final allocations saw the sole lead take NT$500 million, while arranger Agricultural Bank of Taiwan committed NT$400 million. Joint arranger Hua Nan Commercial Bank gave NT$200 million and participants Shanghai Commercial & Savings Bank contributed NT$130 million. Chang Hwa Commercial Bank and E Sun Commercial Bank rounded out the syndicate with NT$100 million apiece.
Proceeds are for working capital purposes.
Kuo Cheng Real Estate’s NT$3.1 billion four-year dual-tranche term loan has been sealed via joint bookrunners and mandated leads Land Bank of Taiwan and Taiwan Cooperative Bank.
The facility comprises a NT$1.0 billion tranche and a NT$2.1 billion portion with a margin of 124.5bp and 148.2bp over the one-year post office savings rate, respectively.
Bank of Kaohsiung, Bank of Panhsin, Sunny Bank, Ta Chong Bank, Taishin International Bank and Yuanta Bank came in as participants.
Proceeds are to support a construction project.
Motech Industries has secured a five-year transaction via a consortium of 21 banks.
The deal is split into a NT$4.8 billion term loan, a NT$2.4 billion revolver and a $240 million revolver. The New Taiwan dollar tranches are priced at 60bp over the secondary CP rate and the US dollar portion is priced at 60bp over Libor.
Bank of Taiwan, Chang Hwa Commercial Bank, Chinatrust Commercial Bank, Citibank, DBS Bank, E Sun Commercial Bank, First Commercial Bank, Hua Nan Commercial Bank, Mega International Bank and Taipei Fubon Commercial Bank led the transaction as bookrunners. Agricultural Bank of Taiwan, Cathay United Bank, China Development Industrial Bank, Far Eastern International Bank, Industrial Bank of Taiwan, Land Bank of Taiwan, Shanghai Commercial & Savings Bank, Taishin International Bank, Taiwan Business Bank, Taiwan Shin Kong Commercial Bank and Yuanta Commercial Bank joined in at lower tiers.
Proceeds are to refinance existing indebtedness and for working capital requirements.