China
Sinobiz Holdings has sealed a $200 million one-year term loan on a club-basis through mandated lead arrangers ABN Amro, DBS, Deutsche Bank, HSBC, Natixis and United Overseas Bank.
The facility is priced at 275bp over Libor with a two-month grace period.
Final allocations saw Deutsche Bank pledge $45 million while ABN Amro, DBS and Natixis lent $40 million each. UOB committed $20 million while HSBC ended up with $15 million.
Proceeds are for structured commodity financing.
India
Vidarbha Industries Power has secured a dual-tranche facility through sole bookrunner and mandated lead arranger Axis Bank.
The transaction comprises a Rs20.5 billion 12-year term loan and a $150 million eight-year portion.
Syndication saw 15 local banks join in as participants.
Proceeds are for the construction of two 300MW thermal power plants.
Indonesia
Federal International Finance has sealed a $78 million three-year facility through an A/B loan structure.
The deal comprises a $25 million and a $15 million bilateral tranches funded by FMO and DEG respectively, while RBS is the sole bookrunner for the $38 million B-loan portion.
Syndication saw Mega International Commercial Bank join in as an arranger while Chang Hwa Commercial Bank, Krung Thai Bank, Land Bank of Taiwan and Metropolitan Bank came in at lower tiers.
Proceeds are for general corporate purposes.
Malaysia
Integrated Healthcare Turkey Yatirimlari and Integrated Healthcare Capital have successfully obtained a S$470 million and M$450 million three-year dual-tranche deal through bookrunners Bank of America, CIMB, Credit Suisse, DBS, Deutsche Bank and Goldman Sachs.
Syndication saw Maybank, RHB Bank, OCBC and SMBC join in as mandated lead arrangers.
Proceeds are to support the acquisition of Turkish hospital chain Acibadem Saglik Hizmetleri ve Ticaret.
SapuraKencana Petroleum has completed a M$2.1 billion term loan through mandated lead arrangers AmBank, CIMB, RHB and Maybank.
The five-year facility will be repaid in five annual instalments after a one-year grace period.
Proceeds are to support the merger of Sapura Petroleum and Kencana Petroleum.
Taiwan
Chicony Power Technology has closed its NT$5 billion three-year revolver through bookrunners E.Sun Commercial Bank and Taiwan Cooperative Bank. The facility is expected to sign on May 30 2012.
Final allocations saw Taiwan Cooperative Bank and E.Sun Commercial Bank provide NT$900 million and NT$600 million respectively while mandated lead arrangers Far Eastern International Bank and First Commercial Bank committed NT$550 million each. Lead arranger Land Bank of Taiwan pledged NT$400 million while Hua Nan Commercial Bank and Yuanta Commercial Bank brought in NT$350 million each. Participant Chang Hwa Commercial Bank joined in with NT$300 million while Bangkok Bank, Bank of Taiwan, Mega International Commercial Bank, Taiwan Business Bank and Taiwan Shin Kong Commercial Bank ended up with NT$200 million each.
Proceeds are to refinance a NT$3.5 billion three-year loan facility signed in October 2009 and for working capital purposes.
Global Mobile Corp successfully signed a NT$640 million five-year term loan last Friday (May 18) through sole bookrunner and mandated lead arranger Taiwan Cooperative Bank.
The guaranteed facility offers a margin of 155bp over the secondary CP rate and will be repaid in 13 quarterly instalments.
Final allocations saw the lead take NT$200 million while participants Agricultural Bank of Taiwan and Cathay United Bank came in with NT$100 million each. Participants Chang Hwa Commercial Bank, Hua Nan Commercial Bank, Shanghai Commercial & Savings Bank and Taiwan Business Bank joined in with NT$60 million each.
Proceeds are for capital expenditures.
Pacific Andes Food (Hong Kong) has obtained a $100 million three-year term loan through sole bookrunner Taipei Fubon Commercial Bank.
Syndication saw Entie Commercial Bank, Industrial Bank of Taiwan and Taishin International Bank come in as coordinating arrangers while Mega International Commercial Bank, Ta Chong Bank and Taiwan Shin Kong Commercial Bank joined in as lead arrangers. Bank of Taiwan, Chailease Finance, Chang Hwa Commercial Bank, China Development Industrial Bank, Cosmos Bank Taiwan and Jih Sun International Bank came in as arrangers.
Proceeds are for refinancing and general corporate purposes.
