Australia
Diamantina Power Station has inked a A$772 million credit facility on a club basis through mandated lead arrangers ANZ, Bank of Tokyo-Mitsubishi UFJ, NAB, OCBC and Westpac.
The facility is split into a A$219 million one-and-a-half-year term loan, a A$418 million and a A$70 million one-year-and-10-month term loan, a A$55 million two-and-a-half-year term loan and a A$10 million one-year revolver.
Final allocations saw ANZ contribute A$170 million while NAB and Westpac pledged A$160 million each. Bank of Tokyo-Mitsubishi UFJ and OCBC provided A$141 million each.
Proceeds are to support the greenfield power station project in Queensland, Australia.
China
Financial Street Center Rongtuo Real Estate (Tianjin) has obtained a Rmb2.5 billion three-year term loan through sole bookrunner and mandated lead arranger Bank of China.
Syndication saw Agricultural Bank of China, China Construction Bank and China Merchants Bank join in as participants.
Proceeds are for general corporate purposes.
Wuhan Tianhe International Airport has secured a Rmb7.6 billion 20-year financing through sole bookrunner and mandated lead arranger Bank of China.
Syndication saw Agricultural Bank of China, Capital Airport Finance and China Construction Bank join in as participants.
Proceeds are to support the construction of Wuhan Tianhe International Airport.
Hong Kong
Bayshore Development Group has obtained a HK$3.2 billion three-year term loan through bookrunner and mandated lead arranger Citi.
The deal was prefunded by Citi in November 2012.
Syndication saw DBS, ICBC, OCBC and SMBC join in as bookrunner and mandated lead arrangers.
Proceeds are to refinance existing indebtedness and general corporate purposes.
Yuexiu Property has completed a HK$3.8 billion three-year term loan on a club basis through mandated lead arrangers Agricultural Bank of China, Bank of China, Bank of East Asia, ICBC and HSBC.
Final allocations saw Bank of China pledge HK$1.5 billion while HSBC provided HK$825 million. Bank of East Asia lent HK$595 million while ICBC committed HK$500 million. Agricultural Bank of China ended up with HK$380 million.
Proceeds are for general corporate purposes.
India
Western UP Power Transmission has inked a Rs37.7 billion 14.5-year facility through sole bookrunner State Bank of India.
Final allocations saw participant Power Finance Corp, Rural Electrification Corp, India Infrastructure Finance Co and Bank of India come in with Rs20 billion, Rs10 billion, Rs4.7 billion and Rs3 billion, respectively.
Proceeds are for the development of a 863km transmission line and seven sub stations in State of Uttar Pradesh, India.
Japan
China Southern Airlines has obtained a ¥2.7 billion 10-year-and-three-month term loan through sole bookrunner and mandated lead arranger BNP Paribas.
Syndication saw Development Bank of Japan, KDB and Mega International Commercial Bank join in as participants.
Proceeds are to support the acquisition of aircrafts.
Taiwan
SAC PEI Taiwan Holding has signed a NT$10.7 billion two-year term loan through sole bookrunner and mandated lead arranger Bank of Taiwan.
Priced over the 90-day secondary market CP rate, the facility has a margin of 200bp when the capital adequacy ratio is greater than or equal to 9.5%, and 250bp otherwise.
Final allocations saw the lead contribute NT$4.7 billion while participants Land Bank of Taiwan and Taiwan Cooperative bank lent NT$2 billion each. Participants Bank of Kaohsiung and Taiwan Business Bank took NT$1 billion each to complete the syndication.
Proceeds are to purchase class A preferred shares and unsecured subordinated mandatory convertible bond.
Shihlien China Holding has completed a $300 million financing through bookrunners and mandated lead arrangers Bank Sinopac, Chinatrust Commercial Bank, Hua Nan Commercial Bank, Mega International Commercial Bank, Taipei Fubon Commercial Bank, Taiwan Cooperative Bank and Taiwan Shin Kong Commercial Bank.
The single tranche facility is priced 230bp over Libor.
Syndication saw Bank of Taiwan, Chang Hwa Commercial Bank, Jih Sun International Bank, Land Bank of Taiwan, Shanghai Commercial & Savings Bank, Taishin International Bank and Yuanta Commercial Bank come in as participants.
Proceeds are for refinancing and capital expenditure purposes.
Vietnam
PetroVietnam Exploration & Production Corp (PVEP) has secured a $300 million five-year term loan through bookrunner and mandated lead arrangers ANZ, Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Mizuho, OCBC, Standard Chartered and United Overseas Bank.
The facility is priced at 380bp over Libor.
Final allocations saw the leads provide $30 million while lead arranger Hua Nan Commercial Bank came in with $19 million. Arrangers Fubon Financial Holdings came in with $14 million while Land Bank of Taiwan, Mega International Commercial Bank and Shanghai Commercial & Savings Bank joined in with $9 million each. Chinatrust Commercial Bank committed $8 million while Manager Monte dei Pashchi pledged $8 million. Bank Mandiri, Cosmos Bank Taiwan, E.Sun Commercial Bank concluded with $5 million each.
Proceeds are for general corporate purposes and capital expenditures.
