China
CMB Financial Leasing has secured a $190 million three-year term loan through bookrunners and mandated lead arrangers ANZ and Standard Chartered.
Final allocations saw Standard Chartered commit $45 million while ANZ provided $40 million. Lead arranger Maybank provided $30 million while Hua Nan Commercial Bank, Land Bank of Taiwan and Mega International Commercial Bank gave $15 million each. Bank of Taiwan and E.Sun Commercial lent $10 million each while managers Chinatrust Commercial Bank and Chong Hing Bank rounded up the syndication with $5 million each.
Proceeds are for general corporate purposes.
Sky High V Leasing has inked a $200 million seven-year term loan through sole bookrunner and mandated lead arranger Deutsche Bank.
Syndication saw Korea Development Bank join in as arranger.
Proceeds are for aircraft financing.
Tiffany & Co (Shanghai) has inked a Rmb930 million three-year revolver through joint bookrunners Bank of America Merrill Lynch and Mizuho.
The facility pays a margin of 100% of the PBOC.
Final allocations saw the bookrunners contribute Rmb186 million each while mandated lead arrangers ANZ, Bank of Tokyo-Mitsubishi UFJ, JP Morgan and SMBC lent Rmb140 million each.
Proceeds are for working capital purposes.
Hong Kong
CRE Beverage Trading has sealed a HK$3.3 billion five-year term loan on a club basis through mandated leads Bank of Nova Scotia, Bank of Tokyo-Mitsubishi UFJ, DBS, Mizuho, OCBC, SMBC and UOB.
The facility pays a margin of 141bp over Hibor.
Final allocations saw Bank of Tokyo-Mitsubishi UFJ, DBS, Mizuho, OCBC, SMBC and UOB provide HK$500 million each while Bank of Nova Scotia pledged HK$300 million.
Proceeds are for working capital purposes.
India
Jindal Power has secured a Rs54.2 billion 11-year-and-nine-month term loan through sole bookrunner and mandated lead arranger State Bank of India.
The single tranche facility will be repaid by 40 quarterly instalments.
Syndication saw Canara Bank, HDFC Bank, Kotak Mahindra Bank, L&T Infrastructure Finance, State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Patiala and State Bank of Travancore join in as participants.
Proceeds are to support the development of a thermal power project.
Malaysia
Genting Plantations and Global Agripalm Investment Holdings have obtained a $200 million seven-year loan package through sole bookrunner OCBC.
The financing comprises a $60 million term loan and two $70 million tranches.
Final allocations saw OCBC take $100 million while mandated lead arranger CIMB provided $75 million. Participant ICBC came in with $25 million to round up the syndication.
Proceeds are for plantation development and working capital purposes.
South Korea
Export-Import Bank of Korea-KEXIM has secured a $250 million three-year term loan on a club basis through mandated lead arrangers Bank of Tokyo-Mitsubishi UFJ, BNP, Deutsche Bank, HSBC and Mizuho.
Final allocations saw the mandated lead arrangers provide $50 million each.
Proceeds are for general corporate purposes.
Taiwan
Long Chuen Water Resources has secured a NT$1.3 billion 14-year loan package through joint bookrunners and mandated lead arrangers Agricultural Bank of Taiwan and First Commercial Bank.
The deal consists of a NT$1.1 billion term loan and a NT$150 million guarantee facility.
Final allocations saw lead bank First Commercial Bank pledge NT$700 million while Agricultural Bank of Taiwan took NT$250 million. Participants Bank of Kaohsiung and Taiwan Cooperative Bank rounded up the group with NT$200 million and NT$100 million respectively.
Proceeds are to construct sewers in Tainan City, Taipei and for performance guarantee purposes.
NeoSCM has completed a $33 million five-year term loan through sole bookrunner Taiwan Cooperative Bank.
The facility is priced at 200bp over six-month of Libor. Borrower will pay any excess interest rate beyond the 30bp difference between TAIFX and Libor.
Final allocations saw the lead contribute $16 million while mandated lead arranger Bank of Taiwan gave $5 million. Participants Bank of Kaohsiung, First Commercial Bank, Taichung Commercial Bank and Taiwan Shin Kong Commercial Bank lent $3 million each.
Proceeds are for working capital purposes.
Unitech Electronics International has concluded a $20 million three-year revolver through sole bookrunner Taishin International Bank.
Final allocations saw the lead provide $6 million while mandated lead arrangers Bank of Taiwan held $5 million. Participants Chang Hwa Commercial Bank, First Commercial Bank and Taiwan Cooperative Bank came in with $3 million each.
Proceeds are to repay existing indebtedness and for working capital purposes.
