Australia
A A$3.8 billion dual tranche facility for Wesfarmers has been completed via mandated lead arrangers and bookrunners ANZ, BNP Paribas and National Australia Bank.
A total of 22 banks joined the deal as participants, namely ABN AMRO, Bank of America, Bank of China (Hong Kong), Bank of Tokyo-Mitsubishi UFJ, Barclays, Chinatrust Commercial Bank, Commonwealth Bank of Australia, Deutsche Bank, DZ Bank, Goldman Sachs, Intesa San Paolo, Mega International Commercial Bank, Mizuho, Oversea-Chinese Banking Corp, Rabobank, Scotia Bank (Asia), Scotia Bank (Hong Kong), Societe Generale, Sumitomo Mitsui Banking Corp, WestLB and Westpac.
The refinancing is equally split into two A$1.9 billion term loans with two- and three-year maturities that pay a spread of 200bp and 250bp over Libor respectively.
Proceeds are to refinance a A$5 billion term loan that was signed in October 2007 to pay for the acquisition of Coles Group in Australia.
China
Guangzhou Water Investment Group's Rmb23.3 billion project financing has been signed via sole mandated lead arranger and bookrunner Bank of China, along with 13 local lenders including Agricultural Bank of China, Bank of Communications, China Construction Bank, China Merchants Bank, China Minsheng Banking Corp, Citic Bank, Guangdong Development Bank, Guangzhou Rural Cooperative Bank, Huaxia Bank, ICBC, Shanghai Pudong Development Bank, Shenzhen Pingan Bank and Xingye Bank.
The 20-year term loan features a pricing of 90% of the PBOC rate and a quarterly repayment schedule.
Proceeds are to fund the Guangzhou sewage and riverway disposal project.
Hong Kong
Link REIT's HK$1.8 billion three-year financing has been mandated to ANZ, DBS and HSBC. Several other lenders are currently processing their credit approvals. The loan is expected to be signed later this month as a club deal.
The deal has an all-in pricing of 175bp over Hibor. Proceeds are to refinance several bilateral loans signed in 2006.
A $300 million multi-currency financing for Woolworths has been launched into syndication via mandated lead arrangers and bookrunners ANZ and Citi.
The debt comprises both term loans and revolvers. Proceeds are for general corporate purposes.
