Loan Week, February 6-12

A roundup of the latest syndicated loan market news.

Australia

AGL Energy has sealed a A$410 million 6.5-year term loan though bookrunners and mandated lead arrangers Mizuho Bank and SMBC.

Syndication saw Bank of China, China Construction Bank, ICBC and Mega International Commercial Bank join in as lenders.

Proceeds are for refinancing purposes.

China

Hangzhou Hikvision Technology has inked a $120 million three-year term loan through bookrunners and mandated lead arrangers HSBC and Standard Chartered.

The financing is priced at 265bp over three-month Libor.

Syndication saw ANZ, Bank of Taiwan, Bank SinoPac, BNP Paribas, Chang Hwa Commercial Bank, China Construction Bank, CTBC Bank, Hang Seng Bank, Hua Nan Commercial Bank, Land Bank of Taiwan, Maybank, Mega International Commercial Bank, Nanyang Commercial Bank, SMBC, Taiwan Business Bank come in as mandated lead arrangers. Banca Monte dei Paschi di Siena, E SUN Commercial Bank, First Commercial Bank and United Overseas Bank concluded the syndicate as lead arrangers.

Proceeds are to repay existing indebtedness and for working capital purposes.

India

Oil India has arranged a $125 milion five-year term loan through bookrunner and mandated lead arranger Mizuho Bank.

Syndication saw Mega International Commercial Bank join in as arranger.

Proceeds are for refinancing purposes.

South Korea

HUMED has secured a KRW78 billion two-year term loan through bookrunner and mandated lead arranger Korea Development Bank.

The facility is consists of a KRW54 billion credit, a KRW14 billion portion and a KTW10 billion tranche.

Syndication saw Shinhan Bank and Shinhan Capital come in as lenders.

Proceeds are for development and construction purposes.

Taiwan

Da Fon Environmental Technology has completed a NT$650 million five-year loan package through bookrunners and mandated arrangers CTBC Bank and Taipei Fubon Commercial Bank.

The facility is split into a NT$450 million credit facility and a NT$200 million revolver.

Final allocations saw the leads give NT$220 million while Agricultural Bank of Taiwan lent NT$140 million. Shanghai Commercial & Savings completed the syndicate with NT$70 million.

Proceeds are for refinancing and working capital purposes.

NexPower Technology has obtained a NT$1.7 billion five-year term loan through bookrunners and mandated arrangers Bank of Taiwan, CTBC Bank, Mega International Commercial Bank and Taipei Fubon Commercial Bank.

The transaction comprises of a NT$1.4 billion credit and a NT$315 million portion.

Syndication saw Cota Commercial Bank, First Commercial Bank, Taishin International Bank and Taiwan Cooperative Bank come in as participants.

Proceeds are for refinancing and equipment improvement purposes.

Phoenix Healthcare Group has signed a $150 million three-year term loan through bookrunners and mandated lead arrangers Bank of Taiwan, CTBC Bank, Deutsche Bank, First Commercial Bank, Taishin International Bank, Taiwan Cooperative Bank.

Final allocations saw First Commercial Bank take $30 million while Taishin International Bank lent $20 million. Bank of Taiwan, CTBC Bank and Taiwan Cooperative Bank pledged $15 million each while Chang Hwa Commercial Bank, Deutsche Bank, Far Eastern International Bank, Hua Nan Commercial Bank, Land Bank of Taiwan provided $10 million apiece as lead arrangers. Bank of Panhsin concluded the syndicate with $5 million as arranger.

Proceeds are for acquisition purposes.

 

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