Loan week, February 27-March 5

A roundup of the latest syndicated loan market news.

China

Export-Import Bank of China has completed a $210 million three-year facility through bookrunner and mandated lead arranger Mizuho Bank.

Syndication saw Bank of Taiwan, Korea Development Bank and Scotiabank join in as lenders.

Proceeds are for working capital purposes.

Guangdong Hengjian Investment has signed a Rmb 2.4 billion five-year term loan through bookrunner and mandated lead arranger Bank of China.

Syndication saw China Everbright Bank, China Guangfa Bank, China Minsheng Bank, Dongguan Commercial Bank, ICBC and Shanghai Pudong Development Bank come in as participants.

Proceeds are for refinancing purposes.

Suzhou Jinghui Real Estate has completed a Rmb 4 billion 10-year term loan through sole bookrunner and mandated lead arranger Bank of China.

The financing is priced at 105% PBOC rate.

Final allocations saw the lead provide Rmb 2 billion while Agricultural Bank of China held Rmb 1.2 billion. CCB concluded the syndicate with Rmb 800 million.

Proceeds are for capital expenditure.

 

Japan

Marubeni Corp has secured a $555 million 364-day revolver through bookrunner and mandated lead arranger Citi Bank.

The transaction is priced at LIBOR.

Syndication saw CACIB join in as mandated lead arranger while ANZ, Bank of America Merrill Lynch, BNP Paribas, Deutsche Bank, HSBC, ING Bank, JPMorgan, Societe Generale and Standard Chartered Bank came in as lenders.

Proceeds are for refinancing purposes.

 

Singapore

Global Adventure and Global Bravery have sealed a $96 million eight-year term loan through joint mandated lead arrangers Credit Agricole, DVB Bank, HSH Nordbank, Nordea Bank and Skandinaviska Enskilda Banken on a club basis.

The fundraising is guaranteed by Gram Car Carriers Holdings.

Final allocations saw the banks contribute equally to the facility.

Proceeds are for shipping purposes.

 

South Korea

GS Saigon Development One-member has sealed a $125 million one-year term loan through joint mandated lead arrangers ANZ, Korea Development Bank, Societe Generale and Standard Chartered on a club basis.

Final allocations saw Korea Development Bank and Societe Generale contribute $30 million each while Standard Chartered provided $45 million. ANZ concluded the syndicate with $20 million.

Proceeds are for refinancing and working capital purposes.

Korean Air Lines has completed a $50 million one-year term loan through sole bookrunner and mandated lead arranger Korea Development Bank.

Final allocations saw the lead give $35 million while Woori Bank and Hana Bank concluded the syndicate with $10 million and $5 million respectively.

Proceeds are for refinancing purposes.

 

Shinsegae Simon has obtained a KRW220 billion seven-year term loan through joint mandated lead arrangers Korea Development Bank and Shinhan Bank on a club basis.

Final allocations saw the lead provide KRW130 billion while Shinhan Bank gave KRW90 billion.

Proceeds are for working capital purposes.

 

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