loan-week-november-713

Loan week, November 7-13

A roundup of the latest syndicated loan market news.
Australia

A A$355 million dual tranche credit for Mirvac PFA, a unit of Mirvac PFA Diversified Property û was signed on November 6.

The three-year debt package comprises revolvers of A$110 million and A$245 million respectively. Sole mandated lead arranger Commonwealth Bank of Australia and participant National Australia Bank committed A$122.5 million apiece, while ING Bank provided A$110 million.

Proceeds are to refinance an existing debt facility.

China

The Rmb1.75 billion five-year fundraising for Shanghai Chung Hao Paper, Shanghai Chung Loong Paper and Suzhou Cheng Loong Paper has been withdrawn due to uncertain market conditions. Calyon, DBS and HSBC were the mandated lead arrangers and the price had been fixed at 105% of...
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