China
Shanghai Lanxi Enterprise has completed a $65 million three-year term loan through joint mandated lead arrangers Bank of Taiwan, First Commercial Bank and Taiwan Business Bank on a club basis.
The loan size has been increased from $60 million to $65 million.
Final allocations saw First Commercial Bank contribute $25 million, while Bank of Taiwan and Taiwan Business Bank provided $20 million each.
Proceeds are to support the upgrading of Holiday Inn Shanghai West and a plaza.
Xuzhou XCMG Schwing Machinery has secured a $132 million-equivalent three-year term loan through sole bookrunner and mandated lead arranger Credit Agricole.
The facility is split into a $50 million tranche and a €60 million portion.
Syndication saw Nanyang Commercial Bank, Natixis, Taishin International Bank and Westpac join in as mandated lead arrangers.
Proceeds are for general corporate purposes.
India
HDFC Bank has obtained a $300 million five-year term loan through mandated lead arrangers Bank of Tokyo-Mitsubishi UFJ, DBS, State Bank of India and SMBC on a club basis.
Final allocations saw the banks contribute equally to the facility.
Proceeds are for general corporate purposes.
Jodhpur Pali Expressway has signed a Rs3 billion 14-year and nine-month term loan through sole bookrunner and mandated lead arranger HDFC Bank.
The single tranche facility will be repaid through quarterly installments.
Final allocations saw the lead provides Rs1.5 billion while participants Allahabad Bank, State Bank of Mysore and Union Bank of India lent Rs500 million each.
Proceeds are for the development of the Jodhpur-Pali section of NH-65 in India.
New Zealand
Fonterra Co-operative Group has inked a NZ$1 billion four-year and two-month revolver on a club basis through mandated leads ANZ, Bank of New Zealand, Citi, Commonwealth Bank of Australia, Deutsche Bank, HSBC, JP Morgan, Rabobank, Societe Generale and Westpac.
Proceeds are for general corporate purposes.
SkyCity Entertainment Group has completed a A$200 million five-year revolver on a club basis through mandated lead arrangers ANZ, Bank of New Zealand, Commonwealth Bank of Australia and Westpac.
Proceeds are to refinance existing indebtedness.
Singapore
Cargill launched a $1 billion 364-day revolver on February 10 through bookrunners and mandated lead arrangers ANZ, BTMU, BNP Paribas, DBS, Deutsche Bank, HSBC, RBS and Standard Chartered.
The facility is priced at 30bp over Libor.
Proceeds are to refinance an existing $1.3 billion facility signed in March 2013.
Nice Land Development (Singapore) has closed a $13 million five-year term loan through sole bookrunner Bank of Taiwan.
Nice Enterprises acted as the guarantor for this transaction.
Syndication saw Chang Hwa Commercial Bank, Hua Nan Commercial Bank, Mega International Commercial Bank, Taishin International Bank, Taiwan Business Bank and Taiwan Cooperative Bank join in at lower tiers.
Proceeds are for working capital purposes.
Taiwan
Nice Enterprise has concluded a NT$1.1 billion five-year fundraising through sole bookrunner Bank of Taiwan.
The financing is evenly split into a term loan and revolving/term credit facility.
Final allocations saw the lead hold NT$300 million while participants Hua Nan Commercial Bank and Taiwan Cooperative Bank took NT$200 million each. Participants Chang Hwa Commercial Bank, Mega International Commercial Bank, Taishin International Bank and Taiwan Business Bank rounded up the syndication with NT$100 million apiece.
Proceeds are to repay existing indebtedness and for capital expenditure purposes.
