Australia
Charter Hall Office Management as the responsible entity of Charter Hall Office Reit is in the market for a A$1 billion revolver through underwriters and bookrunners Commonwealth Bank of Australia and Westpac.
The facility is split into a A$300 million three-year tranche, a A$400 million four-year tranche and a A$300 million five-year tranche.
Syndication saw the leads underwrite the loan equally at A$500 million each.
Proceeds are for acquisition purposes.
Exego Group has secured a $297 million-equivalent multicurrency three-year revolver on a tiered club basis through mandated lead arrangers ANZ, Bank of America, Barclays and HSBC.
The loan is split into tranches of A$190 million, NZ$38 million A$75 million.
Syndication saw KEB join in as lead arranger.
Proceeds are to refinance an existing A$425 million leveraged financing for the buyout of Repco in April 2007.
Hallett 5 has obtained a A$136 million facility on a club basis through mandated lead arrangers ANZ, Bank of Tokyo-Mitsubishi UFJ, NAB and Westpac.
The debt package comprises of a A$134 million five-year debt facility and a A$2 million 364-day working capital facility.
Final allocations saw the leads lend A$34 million each while NAB lent $36 million.
Proceeds are for the development of a wind farm project in South Australia.
China
Dynamics Electronics (Kunshan) secured a $33 million one-year revolver last week through bookrunners and mandated lead arrangers E.Sun Commercial Bank and Taipei Fubon Commercial Bank.
The upsized facility offers a margin of 200bp over Sibor and has an extension option to extend the tenor to four years.
Final allocations saw E.Sun Commercial Bank and Taipei Commercial Bank come in with $10 million and $7.5 million, respectively, while participant Taichung Commercial Bank joined in with $6 million. Participants Bank of Kaohsiung and Land Bank of Taiwan brought in $4.5 million each.
Proceeds are for working capital purposes.
India
Gitanjali Gems has arranged a $57.2 million seven-year term loan through sole bookrunner and mandated lead arranger IDBI.
The transaction will be repaid in 12 semi-annual instalments with an 18-month grace period.
Allocations saw the lead take $47.2 million while participant Bank of Baroda provided $10 million.
Proceeds are to repay foreign currency convertible bonds issued in 2006.
Orange City Water has completed a Rs2.2 billion 14-year project financing through sole bookrunner and mandated lead arranger IDBI.
The facility will be repaid in 44 quarterly instalments with a three-year grace period.
Allocations saw the lead commit Rs2 billion while lender Central Bank of India pledged Rs250 million.
Proceeds are for the development of a water supply project.
Indonesia
Astra Sedaya Finance has signed a $150 million three-year term loan through bookrunners and mandated lead arrangers Chinatrust Commercial Bank, First Commercial Bank and Mega International Commercial Bank.
Final allocations saw Mega International Commercial Bank provide $35 million while Chinatrust Commercial Bank and First Commercial Bank gave $25 million each. Lead arrangers Export-Import Bank of the Republic of China, Ta Chong Bank and Taiwan Cooperative Bank joined in with $10 million each while arrangers Bank of Taiwan, Cosmos Bank Taiwan, Hua Nan Commercial Bank, Land Bank of Taiwan, Taichung Commercial Bank, Taishin International Bank and Taiwan Business Bank came in with $5 million each.
Proceeds are for general corporate purposes.
Pamapersada Nusantara successfully sealed a $265 million facility through mandated lead arrangers Bank of Tokyo-Mitsubishi UFJ, Citi, DBS, Mizuho, OCBC and SMBC.
The deal is split equally into a five-year term loan and a three-year revolver with a two-year extension option.
Proceeds are for capital expenditure and general corporate purposes.
Pelabuhan Indonesia III has signed a $65 million five-year term loan on a club basis through mandated lead arrangers Bank ANZ Indonesia and Bank of Tokyo-Mitsubishi UFJ.
Proceeds are for capital expenditure purposes.
Malaysia
Malakoff International has secured a $90 million five-year term loan on a club basis through mandated lead arrangers Export-Import Bank of Malaysia and Mizuho.
Final allocations saw the leads contribute $45 million each.
Proceeds are for the 40% acquisition of an indirect interest in Hidd Power Company BSC (HPC).
Mongolia
Khan Bank successfully obtained a $94 million five-year facility through mandated lead arranger FMO on Wednesday (May 16). This marks the first syndicated loan to a commercial bank in Mongolia.
Final allocations saw FMO take $25 million while DEG and BIO committed $24 million and $20 million respectively. EBRD also provided a $25 million parallel senior facility aligned with this financing.
Proceeds are for general corporate purposes.
South Korea
Korea Development Bank has secured a $200 million dual-tranche senior unsecured term loan through mandated lead arrangers BNP Paribas, Citi, HSBC and Mega International Commercial Bank.
The deal is split into an $80 million one-year tranche and a $120 million two-year portion.
Proceeds are for refinancing and general corporate purposes.
Taiwan
Chenming Mold Industrial Corp has concluded a NT$720 million three-year revolving facility through sole bookrunner and mandated lead arranger Mega International Commercial Bank.
Final allocations saw the lead take NT$260 million while participant Hua Nan Commercial Bank gave NT$100 million. Participant Land Bank of Taiwan provided NT$80 million while Chang Hwa Commercial Bank, First Commercial Bank, Taiwan Cooperative Bank and Yuanta Commercial Bank committed NT$70 million each.
Proceeds are to refinance a NT$720 million revolver signed in June 2009.
