Loan Week, May 2-8

A roundup of the latest syndicated loan market news.


Sydney Airport Finance has secured a A$1.2 billion facility on a club basis through mandated lead arrangers ANZ, BNP Paribas, Bank of America Merrill Lynch, Bank of Nova Scotia, Bank of Tokyo-Mitsubishi UFJ, Commonwealth Bank of Australia, Credit Agricole, HSBC, JP Morgan, NAB, RBS and Westpac.

The debt package is split into a A$345 million three-year tranche, a A$419 million four- year portion and a A$445 million facility.

Proceeds are to refinance existing indebtedness.


Simhapuri Energy has obtained a Rs13.5 billion financing through sole bookrunner and mandated lead arranger State Bank of India.

The facility is split into a Rs12.0 billion 14-year and nine-month term loan and a Rs1.5 billion 12-year and three-month portion.

Syndication saw Allahabad Bank, Andhra Bank, Bank of India, Canara Bank, Oriental Bank of Commerce, Punjab & Sind Bank, Punjab National Bank, State Bank of Bikaner & Jaipur, State Bank of Patiala, Tamilnad Mercantile Bank, Union Bank of India and Vijaya Bank join in as participants.

Proceeds are to support the phase II development of a 300MW coal based thermal power plant.


Matahari Department Store has secured a IDR1.88 trillion facility on a club basis through mandated lead arrangers BNP Paribas and CIMB.

Final allocations saw CIMB commit IDR1.25 trillion while BNP lent IDR630 billion apiece.

Proceeds are for refinancing and working capital purposes.


State Bank of India (Osaka) has inked a $50 million three-year term loan through mandated lead arrangers Bank of Taiwan and CTBC Bank on a club basis.

The single tranche facility is priced at 165bp over Libor.

Final allocations saw Bank of Taiwan lends $30 million while CTCB Bank provided the remaining.

Proceeds are for general corporate purposes.

New Zealand

Westland Cooperative Dairy has obtained a NZ$100 million five-year revolver on a club basis through mandated lead arrangers Commonwealth Bank of Australia and Westpac.

Final allocations saw the banks provide NZ$50 million each.

Proceeds are for general corporate purposes.

South Korea

Samsung Suzhou LCD has sealed a $200 million loan package through sole bookrunner Bank of Tokyo-Mitsubishi UFJ.

The loan is split into a 13-month term loan and a one-year revolving credit facility portion.

Syndication saw Mizuho and SMBC come in as mandated lead arrangers.

Proceeds are for capital expenditure and general corporate purposes.


AirTAC International Group (Taiwan) has inked a NT$3.0 billion five-year term loan through bookrunners and mandated lead arrangers Mega International Commercial Bank, Shanghai Commercial Bank and Taipei Fubon Commercial Bank.

Final allocations saw Mega International Commercial Bank contribute NT$465 million while Shanghai Commercial Bank, Taipei Fubon Commercial Bank pledged NT$378 million apiece. Mandated leads Agricultural Bank of Taiwan, Hua Nan Commercial Bank, and Taiwan Cooperative Commercial Bank joined in with NT$378 million while manager First Commercial Bank provided NT$345 million. Participant Chang Hwa Commercial Bank concluded the syndicate with NT$250 million.

Proceeds are for capital expenditure purposes.

Components Investment Holdings signed a $70 million two-year term loan through sole bookrunner and mandated lead arranger CTBC Bank.

Final allocations saw CTBC Bank take $35 million while co-lead arranger Taishin International Bank lent $25 million. Lead Arranger Ta Chong Commercial Bank provided $10 million.

Proceeds are for general corporate purposes and to refinance existing debt.

Silks Place Yui-Mom has completed a NT$1.3 billion seven-year dual tranche term loan through sole bookrunner and mandated lead arranger Taishin International Bank.

The deal is split into a NT$430 million tranche and a NT$870 million portion.

Final allocations saw Taishin International Bank take NT$580 million while participants Chang Hwa Commercial Bank and Shanghai Commercial & Savings Bank took NT$200 million each. Agricultural Bank of Taiwan lent NT$190 million while First Commercial Bank took NT$130 million.

Proceeds are to repay existing debts and for the development of a hotel in Kaohsiung, Taiwan.

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