Beijing Sanlitun North Property Management, Beijing Sanlitun South Property Management and Beijing Sanlitun Hotel Management have obtained a Rmb2.7 billion three-year term loan through bookrunners BNP Paribas, HSBC and Standard Chartered Bank.
Final allocations saw the bookrunners, HSBC and Standard Chartered Bank, pledge Rmb533 million each while BNP Paribas came in with Rmb433 million. Arrangers Hang Seng Bank took Rmb250 million while Nanyang Commercial Bank and OCBC committed Rmb200 million each. Citibank lent Rmb150 million and Bank of Tokyo-Mitsubishi UFJ, Credit Agricole, DBS Bank and SMBC held Rmb100 million apiece.
The loan is guaranteed by Swire Properties. Proceeds are to refinance a Rmb2.4 billion facility signed in March 2008.
Fujian Ton Yi Tinplate and Jiangsu Ton Yi Tinplate have secured a $69million dual-tranche fundraising through sole bookrunner BNP Paribas.
Guaranteed by the parent Ton Yi Industrial Corp, the five-year deal consists of a $41 million tranche and a $28million portion.
Bank of Tokyo-Mitsubishi UFJ, Cathay United Bank, Chang Hwa Commercial Bank, Mizuho Corporate Bank and Natixis joined in as mandated lead arrangers while First Commercial Bank and Hua Nan Commercial Bank came in as senior managers.
Proceeds are for debt repayment purposes.
DB Power signed a Rs25.8 billion 14.5-year term loan last week (March 9) through sole bookrunner and mandated lead arranger SBI Capital Markets. The facility offers a margin of 375bp over the SBI Base Rate and will be repaid in 42 quarterly installments.
Final allocations saw participants State Bank of India contribute Rs7.5 billion while Union Bank of India pledged Rs4 billion. Bank of India and Bank of Baroda gave Rs3 billion and Rs2.5 billion respectively. L&T Infrastructure Finance, Life Insurance Corp of India and Punjab National Bank committed Rs2 billion each. State Bank of Hyderabad came in with Rs1.5 billion while Oriental Bank of Commerce rounded up the syndicate with Rs1.3 billion.
Proceeds are to support the construction of a 600MW thermal power plant in the state of Chhattisgarh, India.
GMR Hyderabad Vijayawada Expressways signed a Rs16.9 billion 11.5-year term loan last week (March 9) through sole bookrunner IDBI Bank. The debt package is sponsored by GMR Infrastructure and Punj Lloyd, and will be repaid in 46 quarterly installments after a nine-month grace period.
Syndication saw the lead bank pledge Rs3.2 billion while participant Indian Overseas Bank lent Rs3 billion. India Infrastructure Finance, Indian Bank and Vijaya Bank gave Rs1.5 billion each while Bank of Baroda, Oriental Bank of Commerce and United Bank of India contributed Rs1 billion each. Andhra Bank, Dena Bank, Punjab & Sind Bank and State Bank of Bikaner & Jaipur joined in with Rs800 million each.
Proceeds are to support a road construction project in India.
Mumbai Metro Transport signed a Rs69.3 billion 18-year facility on Monday (March 14) through lead arranger Axis Bank and joint arranger IDBI Bank.
The term loan is sponsored by Reliance Communication, Reliance Infrastructure and SNC Lavalin, and will be repaid in 44 quarterly installments.
Andhra Bank, Bank of Maharashtra, Canara Bank, Indian Overseas Bank, Punjab National Bank, Reliance Capital, Syndicate Bank and UCO Bank came in as participants.
Proceeds are to support a railway project in the city of Mumbai, India.
PS Toll Road signed a dual-tranche term loan on Tuesday (March 15) through sole bookrunner and mandated lead AXIS Bank. The facility is split into a Rs6.2 billion 15-year tranche and a $100 million 10-year portion.
Syndication saw Andhra Bank, Corporation Bank, Punjab National Bank, SBI (Mauritius), State Bank of Hyderabad, State Bank of Patiala, UCO Bank and Vijaya Bank come in as participants.
Proceeds are to support a highway construction project in the state of Maharashtra, India.
Trikomsel Oke has completed a $136 million-equivalent dual-currency facility through mandated lead arrangers Bank Central Asia, Bank Danamon Indonesia, Bank Mandiri, Bank Negara Indonesia and Citi.
With a two-year extension option, the three-year revolver consists of a Rp1.1 trillion facility and a $15 million portion which are priced at 310bp over Jibor and Libor respectively.
Proceeds are for working capital purposes.
Urusharta Cemerlang signed a M$691 million 10-year term loan through mandated lead arrangers AmBank, CIMB, EON Bank, Maybank and OCBC.
Proceeds are to finance the construction and development of an extension project related to Pavilion Kuala Lumpur.
SKYcity Entertainment Group has completed a NZ$400 million revolver through mandated leads ANZ, Bank of New Zealand, Commonwealth Bank of Australia and Westpac.
The debt package is split equally into a three-year tranche and a five-year portion.
Proceeds are to refinance aNZ$500m facility for Sky City Auckland Holdings signed in March 2008.
Sembcorp Financial Services has signed a S$520 million dual tranche financing on a club basis through a consortium of seven mandated lead arrangers.
The term loan is split into a S$230 million seven-year tranche and a S$290 million 10-year portion which are priced at 50bp and 65bp over SOR respectively.
Mandated leads ANZ, Bank of Tokyo-Mitsubishi UFJ, CIMB, DBS Bank, HSBC, Mizuho Corporate Bank and OCBC contributed equally to the financing.
Proceeds are for working capital and capital expenditure purposes.
Chailease Finance has agreed a NT$3.9 billion facility through bookrunners Agricultural Bank of Taiwan, Bank of Taiwan, Chang Hwa Commercial Bank and Mizuho Corporate Bank. The deal was oversubscribed and upsized from NT$2.5 billion.
The deal comprises a NT$3.6 billion three-year term loan and a NT$300 million guarantee facility, which are priced at 95bp and 85bp over the secondary CP rate, respectively.
Final allocations saw the bookrunners lend NT$500 million each while mandated lead arrangers Bank of Tokyo-Mitsubishi UFJ, Mega Bills Finance Corp, Taichung Commercial Bank, Taiwan Business Bank and Taiwan Cooperative Bank took NT$300 million apiece. Co-arranger Hua Nan Commercial Bank pledged NT$200 million while lead arrangers Bank of East Asia and Shanghai Commercial & Savings Bank ended up with NT$100 million each.
Proceeds are to refinance the NT$1.9 billion deal signed in March 2008.
Hitron Technologies secured a $50 million equivalent three-year revolving credit through mandated lead arrangers Chang Hwa Commercial Bank, E.Sun Commercial Bank, First Commercial Bank, Hua Nan Commercial Bank and Land Bank of Taiwan.
The revolver is priced at 110bp over Libor and secondary CP rate when drawn in US$ and NT$ respectively.
Proceeds are for working capital purposes.
Kuo-Kuang Motor Transport’s NT$1.5 billion 10-year term loan is expected to be signed on March 22 through Industrial Bank of Taiwan, Land Bank of Taiwan and Taiwan Cooperative Bank.
The guaranteed term loan features a spread of 120bp over the one-year post office savings rate.
Syndication saw Agricultural Bank of Taiwan, Shanghai Commercial & Savings Bank and Taichung Commercial Bank joined in at lower levels.
Proceeds are for capital expenditure purposes.
A $23 million facility for Unitech Printed Circuit Board Corp and Unitech Electronics International is expected to be signed by the end of March through bookrunners Bank of Taiwan, Industrial Bank of Taiwan and Taishin International Bank.
Bank of Panhsin, Chang Hwa Commercial Bank, Shanghai Commercial & Savings Bank, Taiwan Business Bank and Taiwan Cooperative Bank joined in at lower tiers.
Proceeds are for working capital requirements.
Charoen Pokphand Group has signed a seven-year dual currency term loan through sole bookrunner Siam Commercial Bank. Krung Thai Bank came in as a mandated lead arranger. The debt package consists of a Bt20 billion tranche, a Bt10 billion portion and a $500 million facility.
Final allocations saw Bank of Ayudhya, Export-Import Bank of Thailand, Government Savings Bank, ICBC, Thanachart Bank and UOB come in as participants. Proceeds are to refinance existing indebtedness and support business expansion.