CC Land Holdings' HK$2.8 billion three-year term loan has been completed via sole bookrunner HSBC.
Syndication saw Hang Seng Bank come in as a mandated lead arranger, while Bank of East Asia and ICBC joined in as participants.
Proceeds are to refinance a HK$2 billion three-year term loan facility signed in January 2008 and for general corporate purposes.
A HK$2 billion three-year term loan facility for Foxhill Investment is in the market via mandated lead arrangers and bookrunners ANZ, Credit Agricole, DBS, and Natixis. The bullet loan offers a margin of 110bp over Hibor.
Proceeds are to refinance a HK$2 billion three-year term loan signed in July 2007.
3i Infotech's Rs2.5 billion credit facility was inked last week via ICICI Bank.
The debt comprises a Rs1.25 billion six-year term loan and a Rs1.25 billion eight-year portion. The facility also features a nine-month grace period and will be repaid quarterly.
Final allocations saw sole mandated lead arranger and bookrunner ICICI Bank lend Rs1.5 billion, while participant IDBI Bank pledged Rs1 billion.
Proceeds are to refinance existing indebtedness.
Kalyan Education Society's Rs280 million eight-year project finance facility was signed on July 13 via sole lead arranger SBI Capital Markets.
The term loan features a one-year grace period and will be repaid in 32 quarterly instalments.
Final allocations saw participant Allahabad Bank take Rs180 million, while Punjab National Bank contributed Rs100 million.
Proceeds are for setting up a complex in Budbud, Burdwan in West Bengal.
A Rs38.5 billion eight-year project finance facility for National Fertilizer was completed in late June via a consortium of 13 banks led by SBI Capital Markets.
The term loan offers a margin of 275bp below the State Bank of India advance rate with a 120bp commitment fee. The facility is to be repaid through 20 quarterly instalments.
Final allocations saw State Bank of India take Rs12 billion, while Canara Bank lent Rs5.2 billion. Union Bank of India pledged Rs3.4 billion and Bank of Baroda gave Rs2.7 billion. Bank of India and Indian Bank contributed Rs2.6 billion and Rs2.1 billion respectively. Corporate Bank, IDBI Bank, Oriental Bank of Commerce, Punjab & Sind Bank and Vijaya Bank committed Rs1.7 billion each. HDFC Bank and State Bank of Hyderabad ended up with Rs1 billion apiece.
Proceeds are to finance the development of the Fertilizers Plant project in India.
A Rs1.8 billion 7.5-year term loan for SKS Ispat & Power was sealed last week via sole mandated lead arranger SBI Capital Markets.
Final allocations saw State Bank of India take Rs900 million, while Standard Chartered Bank committed Rs250 million. State Bank of Travancore gave Rs200 million, while Bank of India, Punjab National Bank, State bank of Patiala and Syndicate Bank contributed Rs100 million apiece. Jammu & Kashmir Bank ended up with Rs50 million.
The facility features a spread of 50bp over the State Bank of India advance rate with a six-month grace period and will be repaid in 72 monthly instalments.
Proceeds are to fund a 300MW thermal power plant and for capital expenditure.
OSK Trustees, as a trustee of Sunway Reit, has secured a M$1.2 billion multi-tranche facility via mandated lead arrangers CIMB Bank, HSBC (Malaysia), Oversea-Chinese Banking Corp (Malaysia), Public Bank and RHB Bank.
The debt package comprises a M$300 million two-year term loan, a M$400 million three-year tranche, a M$300 million four-year facility and a M$150 million four-year revolving credit.
Final allocations saw the leads taking M$230 million each.
Proceeds are to finance the purchase of properties and for working capital purposes.
The $10 million equivalent three-year term loan facility for Pak Elektron was sealed last week via sole mandated lead arranger and bookrunner Standard Chartered Bank.
Askari Bank, Al Baraka Islamic Bank, Pak Oman Investment, Standard Chartered Modarada, and Trust Investment Bank joined in as participants.
The three-year facility offers a margin of 3.5%.
Proceeds are to for working capital purposes.
A S$50 million-equivalent dual-currency term loan for GP Industries was completed on July 12 via mandated lead arrangers DBS Bank, Oversea-Chinese Banking Corp and United Overseas Bank.
The three-year loan is split into a S$45 million tranche and a $5 million portion.
First Commercial Bank (Singapore), Maybank and Mega International Commercial Bank (Singapore) came in as senior arrangers.
Proceeds are to refinance existing debt facilities.
United Engineers' S$372 million 3.5-year term loan was signed on July 14 via mandated lead arrangers Bank of China (Singapore), Bank of East Asia (Singapore), DBS Bank, Oversea-Chinese Banking Corp and United Overseas Bank.
Proceeds are for property development purposes.
WII's $400 million one-year revolving credit facility was completed as a club deal via lead arrangers Bank of America Merrill Lynch, ING Bank, Oversea-Chinese Banking Corp and Rabobank.
The transaction was guaranteed by Wilmar International. Proceeds are to refinance existing indebtedness and for working capital purposes.
A NT$1.5 billion-equivalent dual-tranche facility for Fair Friend Enterprise and Good Friend (HK) Corp was signed on July 9 via bookrunners and lead arrangers Bank of Taiwan, Industrial Bank of Taiwan and Land Bank of Taiwan.
Secured by buildings, the five-year revolving credit is split into a NT$1.5 billion tranche and a $24 million portion. The New Taiwan dollar tranche is priced at 117.5bp over the secondary CP rate with a pre-tax interest rate floor of 1.9%, while the US dollar facility offers the same margin over Libor. The total outstanding amount cannot exceed NT$1.5 billion.
Syndication saw Bank of Taiwan and Industrial Bank of Taiwan take NT$195 million each, while Bangkok Bank, DBS Bank, Land Bank of Taiwan and Taichung Commercial Bank took NT$165 million apiece. Chang Hwa Commercial Bank, First Commercial Bank, Shanghai Commercial & Savings Bank and Taiwan Cooperative Bank ended up with NT$100 million each.
Proceeds are for refinancing and working capital purposes.
Huga Optotech's NT$3.6 billion multi-currency dual-tranche transaction has been completed via sole bookrunner Mega International Commercial Bank.
The debt package is split into a NT$3 billion seven-year term loan and a NT$600 million five year revolving credit. The facility offers a spread of 70bp to 140bp over the 90-day secondary CP rate if it is drawn in NT$ or 180-day Libor if it is drawn in ¥ and US$ (based on the current ratio and debt ratio of the borrower).
Final allocations saw coordinating arrangers Land Bank of Taiwan and Mega International Commercial Bank lending NT$570 million each while Chang Hwa Commercial Bank lent NT$486 million. Bank of Taiwan, First Commercial Bank, E.Sun Commercial Bank and Ta Chong Bank gave NT$336 million apiece. Co-arrangers Chinatrust Commercial Bank, Taiwan Cooperative Bank and Yuanta Commercial Bank took NT$150 million each while Shanghai Commercial & Savings Bank and Taishin International Bank came in with NT$90 million respectively.
Proceeds are for capital expenditure and working capital purposes.
A NT$1.2 billion credit facility for Tex-Ray Industrial was launched into syndication last Friday (July 9) via sole mandate lead arranger and bookrunner Industrial Bank of Taiwan.
The transaction offers a 41.5bp over one year post office savings rate.
Proceeds are to repay an existing debt and for working capital purposes.
Topoint Technology's NT$800 million three year revolver has been closed via bookrunners and mandated lead arrangers Chinatrust Commercial Bank, Industrial Bank of Taiwan, Land Bank of Taiwan, Taipei Fubon Commercial Bank and Taiwan Cooperative Bank. The loan is expected to be upsized to NT$1 billion.
The three year revolver is priced at 75bp over the secondary CP rate.
Syndication saw Bank of Taiwan, Cathay United Bank, Chang Hwa Commercial Bank, Hua Nan Commercial Bank and Shanghai Commercial & Savings Bank participating at lower tiers.
Proceeds are for refinancing and working capital purposes. Signing is slated for end of July.
Walton Advanced Engineering's NT$6 billion transaction has been completed via a consortium of eight mandated lead arrangers and bookrunners. The facility was oversubscribed and upsized from NT$5 billion.
The five-year debt package comprises a NT$3 billion term loan tranche and a NT$3 billion revolver portion. The loan is priced at a margin of 65bp over the secondary CP rate. A commitment fee of 15bp will apply if less than 70% of the term loan facility or less than 60% of the revolver is drawn.
Banks have been invited to join at one of three levels -- mandated arrangers taking NT$700 million or above receive a 22bp fee. Co-arrangers committing between NT$500 million and NT$699 million earn 15bp, while managers lending between NT$300 million and NT$499 million get 10bp.
Coordinating arrangers Cathay United Bank, Chinatrust Commercial Bank, E.Sun Commercial Bank, First Commercial Bank, Hua Nan Commercial Bank, Mega International Commercial Bank, Taiwan Cooperative Bank, and Taiwan Fubon Commercial Bank pledged NT$560 million each, while arrangers Land Bank of Taiwan and Taiwan Business Bank contributed NT$460 million apiece. Managers Bank of Taiwan and Far Eastern International Bank came in with NT$320 million and NT$280 million respectively.
Proceeds are for capital expenditure and working capital purposes.