Metcash’s A$700 million one-year and three-month dual tranche credit facility has been signed via joint bookrunners ANZ, Commonwealth Bank of Australia and Westpac.
The facility is split into a A$500 million term loan and a A$200 million revolver.
Syndication saw Bank of Tokyo-Mitsubishi UFJ, BOS International (Australia), HSBC, Mizuho Corporate Bank and Rabobank join in as lenders.
Proceeds are to refinance a A$700 million three-year facility signed in 2009.
A A$700 million refinancing for Tatts Group has been concluded as a club deal via six mandated lead arrangers.
The refinancing comprises three-year and five-year revolving credits in equal portions.
The consortium includes ANZ, BNP Paribas, Commonwealth Bank of Australia, National Australia Bank, Royal Bank of Scotland and Westpac.
Bharat Oman Refineries’ Rs35.0 billion dual-tranche revolver has been completed via sole bookrunner SBI Capital Markets.
The one-year facility is split into Rs20.0 billion and Rs15.0 billion revolvers.
Syndication saw participants State Bank of India hold Rs17.5 billion, while Bank of Baroda and Canara Bank came in with Rs8.8 billion each.
Proceeds are for project financing purposes.
JSW Steel’s Rs9.0 billion 9.5-year term loan was inked on February 18 via sole bookrunner IDBI Bank.
The loan was launched in August 2010 and will be repaid in 28 quarterly installments after a nine-month grace period.
Final allocations saw the lead and participant Punjab National Bank pledge Rs2.6 billion each. Canara Bank, State Bank of Hyderabad and Andhra Bank gave Rs1.7 billion, Rs1.2 billion and Rs870 million respectively.
Proceeds will be used to set up a new beneficiation plant and a pellet plant in Karnataka, India.
SP Jammu Udhampur Highway’s $350 million 6.5-year bullet term loan is currently in the market via bookrunner and mandated lead Standard Chartered Bank.
Sponsored by Shapoorji Pallonji and its group companies, the underwritten deal has been prefunded and launched into general syndication by the lead.
Proceeds are to support a road project in the State of Jammu & Kashmir, India. IDFC has also provided a Rs6.2 billion bilateral tranche financing for the same project.
PT Berlian Laju Tanker has successfully obtained a $685 million five-year term loan via BNP Paribas (Singapore), DnB NOR Bank (Singapore), ING Bank (Singapore), NIBC Bank, Nordea Bank Finland (Singapore), and Standard Chartered Bank.
The deal is secured by 43 ships. Proceeds are to refinance existing borrowings and for ship financing purposes.
Fubon Securities Corp’s NT$5.0 billion three-year revolving credit was completed last week via bookrunners Agricultural Bank of Taiwan, Cathay United Bank, Chang Hwa Commercial Bank, First Commercial Bank and Taishin International Bank.
The bullet revolver offers a margin of 42bp over the secondary CP rate with an interest rate floor of 1.5%.
Final allocations saw the bookrunners commit NT$700 million each, while co-arrangers Hua Nan Commercial Bank and Far Eastern International Bank gave NT$550 million and NT$450 million respectively. Manager Mega International Commercial Bank and participant Taiwan Business Bank lent NT$300 million and NT$200 million respectively.
Proceeds are for working capital requirements.
Mandated lead arrangers Chang Hwa Commercial Bank, Hua Nan Commercial Bank and Taiwan Cooperative Bank completed $102 million and $43 million term loans last week for Nan Ya Plastics (Hong Kong) Corp and Nan Ya Printed Circuit Board (Hong Kong) Corp respectively.
The five-year loans were priced at 55bp over Libor with a 10bp commitment fee.
Taiwan Business Bank joined in as a participant. Proceeds are for capital expenditure purposes.
A NT$1.2 billion four-year term facility for Southern Land Development was signed on February 24 via sole mandated lead Land Bank of Taiwan.
The facility is split into a NT$981 million tranche and a NT$219 million portion, which are priced at 185bp over the one-year average savings rate of Bank of Taiwan, Chang Hwa Commercial bank, First Commercial Bank, Hua Nan Commercial Bank, Land Bank of Taiwan and Taiwan Cooperative Bank.
Syndication saw Agricultural Bank of Taiwan, Bank of East Asia and Cosmos Bank join in at lower levels.
Proceeds are to support a residential property development project.
TSEC Corp secured a NT$3.5 billion facility last week via bookrunners Chang Hwa Commercial Bank and DBS Bank.
The secured facility consists of a NT$3.2 billion term loan and a NT$300 million revolver, which are priced at 105bp and 110bp over the secondary CP rate respectively. An interest rate floor is in place to ensure a minimum pre-tax rate rate of 1.9%.
Hua Nan Commercial Bank and Taiwan Business Bank came in as mandated lead arrangers while Agricultural Bank of Taiwan, Entie Commercial Bank, First Commercial Bank and Jih Sun International Bank joined in as participants.
Proceeds are for working capital purposes.