Bangladesh
Grameenphone’s Tk10.2 billion six-year term loan is expected to sign in December through sole bookrunner and mandated lead arranger Standard Chartered.
Syndication saw 19 additional lenders commit to the facility.
Proceeds are to partially finance the 2G license renewal fees and capital expenditure purposes.
Hong Kong
United Asia Finance has completed a HK$480 million-equivalent three-year offshore Rmb term loan through sole bookrunner Mizuho Corporate Bank.
The dual-currency facility is split into a Rmb170 million tranche and a HK$271 million portion. Syndication saw Chinatrust Commercial Bank and Industrial Bank of Taiwan join in as mandated lead arrangers while Chang Hwa Commercial Bank, Mega International Commercial Bank and Taishin International Bank came in as arrangers. E.Sun Commercial Bank and First Commercial Bank participated as senior managers.
Proceeds are for general corporate purposes.
India
KazStroyService Infrastructure India has successfully signed a Rs3.5 billion facility through sole bookrunner SBI Capital Markets.
The one-year deal comprises a Rs2.5 billion revolver and a Rs1 billion letter of credit.
Syndication saw State Bank of India take Rs1.7 billion while Axis Bank lent Rs1.1 billion. Punjab National Bank and State Bank of Hyderabad provided Rs450 million and Rs250 million respectively.
Proceeds are to fund the IOCL Paradip Refinery Project in India.
Tower Vision India has obtained a Rs6.1 billion10-year term loan through sole bookrunner and mandated lead arranger Axis Bank.
The facility will be repaid in 32 quarterly installments after a two-year grace period.
Syndication saw Bajaj Finance, L&T Infrastructure Finance Co and Punjab National Bank join in as participants.
Proceeds are to support the development of 3,410 telecom towers across India.
UCO Bank has sealed an $85 million and a €20 million one-year term loan on a club basis through a consortium of five mandated lead arrangers.
The dual-tranche facility offers a margin of 130bp over Libor and Euribor respectively.
Final allocations saw Wells Fargo commit $25 million while ANZ, Mizuho Corporate Bank and Standard Chartered came in with $20 million each. Commerzbank ended up with €20 million.
Proceeds are for general corporate purposes.
South Korea
Export-Import Bank of Korea has successfully obtained a $150 million term loan on a club basis through joint mandated lead arrangers HSBC and Mizuho Corporate Bank.
The facility consists of a $50 million two-year tranche and a $100 million three-year portion. Final allocations saw Mizuho Corporate Bank take $100 million while HSBC joined in with $50 million.
Proceeds are for general corporate purposes.
Taiwan
Taiwan Polysilicon signed a NT$10.7 billion five-year term loan on November 7 through bookrunners Bank of Taiwan, E.Sun Commercial Bank, Mega International Commercial Bank and Taipei Fubon Commercial Bank.
The facility is priced at 60bp over the 90-day secondary CP rate with a pre-tax interest rate floor of 1.5%.
Final allocations saw the leads and the mandated lead arrangers Cathay United Bank, Chinatrust Commercial Bank, DBS and Land Bank of Taiwan commit NT$1 billion each while co-arranger Export-Import Bank of the Republic of China took NT$800 million. Participants First Commercial Bank and Hua Nan Commercial Bank committed NT$500 million each while Agricultural Bank of Taiwan, Far Eastern International Bank and Taiwan Cooperative Bank ended up with NT$300 million each.
Proceeds are to refinance a NT$12.5 billion credit facility signed in 2008 and for general corporate purposes.
Valleyfield has completed a $70 million three-year revolver through joint bookrunners and mandated lead arrangers First Commercial Bank and Taiwan Business Bank.
Guaranteed by Yieh United Steel, the facility is priced at 65bp over Libor.
Final allocations saw the leads take $20 million each while co-arrangers Land Bank of Taiwan, Taichung Commercial Bank and Taiwan Cooperative Bank came in with $10 million each.
Proceeds are to refinance an existing $47 million revolver signed in 2009 and for working capital purposes.
