Loan Week, July 11-17

A roundup of the latest syndicated loan market news.

Australia

OceanaGold Corp has obtained a $200 million three-year revolver on a club basis through mandated lead arrangers BNP Paribas, Barclays, Citi, HSBC and Nedbank Capital.

Proceeds are to refinance existing indebtedness.

Transpacific Industries Group has secured a A$400 million revolver through bookrunners and mandated lead arrangers Commonwealth Bank of Australia and NAB.

The debt package comprises a A$135 million two-year tranche, a A$130 million four-year portion and a A$135 million five-year tranche.

Final allocations saw the leads provide A$65 million apiece while mandated leads ANZ and Westpac committed A$55 million each. Bank of Tokyo-Mitsubishi UFJ, Mizuho, Rabobank and SMBC concluded the syndicate with A$40 million apiece.

Proceeds are for refinancing purposes.

Transurban CCT Nominees has inked a A$277 million three-year term loan on a club basis through mandated lead arrangers Bank of Nova Scotia, Credit Agricole and Westpac.

Final allocations saw the banks provide A$92 million each.

Proceeds are to support the acquisition of Cross City Tunnel Group.

China

Minera Las Bambas has signed a $7.0 billion debt package through mandated lead arranger China Development Bank.

The facility consists of a $969 million seven-year tranche to support the acquisition of Xstrata Las Bambas from Glencore Xstrata, and a $6 billion 18-year project financing facility.

Syndication saw Bank of China, Export-Import Bank of China and ICBC join in as arrangers.

Hong Kong

Binhai Investment Hong Kong has sealed a HK$620 million three-year term loan through mandated lead arrangers China Merchants Bank and Standard Chartered Bank.

The loan is guaranteed by Binhai Investment, and final allocations saw the banks contribute equally.

Proceeds are for refinancing and general corporate purposes.

India

Jaiprakash Associates has inked a Rs25 billion 10-year term loan through mandated lead arranger State Bank of India.

The single tranche facility will be repaid by 28 quarterly installments.

Final allocations saw the lead lend Rs20 billion while participant Canara Bank contributed Rs5 billion.

Proceeds are for general corporate purposes.

Indonesia

Tower Bersama Infrastructure has completed a $299 million-equivalent three-year dual-currency revolver on a club basis through mandated lead arrangers ANZ, Bank Central Asia, Bank Danamon Indonesia, Bank Negara Indonesia (Persero), Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, CIMB, Credit Agricole, CTBC Bank, DBS, Deutsche Bank, HSBC, JP Morgan, OCBC, RBS, SMBC and UOB.

The facility is split into a $215 million tranche and a IDR1 trillion portion.

Proceeds are for general corporate purposes.

Singapore

Frasers Hospitality Trust has completed a S$615 million financing through joint mandated lead arrangers Bank of China, DBS and HSBC.

The facility is split into a S$115 million term loan and a S$500 million portion.

Proceeds are to support acquisition of properties.

Taiwan

Qisda Corp has secured a NT$4.8 billion five-year facility through joint bookrunners and mandated lead arrangers CTBC Bank and Taishin International Bank.

The financing comprises a NT$2.5 billion term loan and two NT$1.4 billion and NT$920 million revolvers.

Syndication saw E. Sun Commercial Bank, First Commercial Bank, Land Bank of Taiwan and Taiwan Business Bank join in as mandated lead arrangers while Bank of Taiwan, Chang Hwa Commercial Bank, Mega International Commercial Bank, Ta Chong Bank and Taiwan Cooperative Bank came in as participants.

Proceeds are for refinancing and general corporate purposes.

ChipMOS Technologies has inked a $334 million-equivalent five-year debt package through sole bookrunner and mandated lead arranger Bank of Taiwan.

The fundraising is divided into a NT$6 billion term loan, a NT$4 billion revolver and a USD$100 million revolver. The drawdown of NT$4 billion tranche and $100 million tranche combined cannot exceed NTD$4 billion.

Syndication saw Land Bank of Taiwan, Taishin International Bank, Taiwan Cooperative Bank and Yuanta Commercial Bank join in as mandated lead arrangers while Bank of Panhsin, Chang Hwa Commercial Bank, First Commercial Bank, Hua Nan Commercial Bank, Shin Kong Commercial Bank and Ta Chong Bank came in as participants.

Proceeds are for refinancing and general corporate purposes.

Yu Hsin Asset Management has sealed a NT$736 million five-year fundraising through sole bookrunner and mandated lead arranger Land Bank of Taiwan.

The loan package is split into a NT$264 million term loan, a NT$ 400 million term loan and a NT$72 million guarantee facility.

Syndication saw Agricultural Bank of Taiwan, Bank of Kaohsiung and Taichung Commercial Bank come in as participants.

Proceeds are for land purchase, construction financing and performance guarantee purposes.