Grain Pool's A$1.2 billion dual-tranche facility has been signed via mandated leads ANZ, Commonwealth Bank of Australia, National Australia Bank, Rabobank and Westpac.
The deal comprises a A$500 million two-year revolver and a A$748 million 364-day revolver.
Final allocations saw ANZ committing A$350 million. Commonwealth Bank of Australia and Rabobank joined in with A$300 million and A$298 million respectively, while National Australia Bank and Westpac contributed A$150 million apiece.
The funds are for general corporate purposes.
Paccar Financial PropertyÆs A$150 million three-year facility was signed on October 9 via sole mandated lead arranger and bookrunner BNP Paribas.
BNP Paribas and participants Bank of America and Westpac each committed A$50 million.
The facility is guaranteed by the parent company Paccar. Proceeds are for working capital and general corporate purposes.
Hong Kong
An $88 million three-year and three-month fundraising for Crown Worldwide Movers has been signed and upsized from $85 million.
Coordinating arranger Bank of Tokyo-Mitsubishi UFJ committed $23 million, while BNP Paribas and Standard Chartered Bank contributed $20 million and $7.5 million respectively. Arrangers CITIC Ka Wah Bank and Fubon Bank (Hong Kong) each provided $7 million. Co-arrangers China Construction Bank (Asia) Corp, CIMB Bank (Hong Kong) and United Overseas Bank lent $6.5 million, $6 million and $4.5 million respectively. Mizuho Corporate Bank gave $3.5 million and Public Bank committed $3 million.
Guaranteed by Jenjet and its subsidiaries and affiliates, the secured term loan pays a spread of 267bp over Libor. Proceeds are to refinance an existing debt facility and for general corporate purposes.
A HK$2.2 billion three-year term loan for SIHL Finance û an SPV of Shanghai Industrial Holdings û was signed on October 15 via a consortium of eight mandated lead arrangers.
The lead arrangers - Bank of China (Hong Kong), Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Calyon, CCB International Finance, HSBC, Industrial & Commercial Bank of China (Asia) and Sumitomo Mitsui Banking Corp - lent HK$229 million apiece. Coordinating arrangers Fubon Bank (Hong Kong) and Shanghai Pudong Development Bank each committed HK$150 million. Arranger China Construction Bank (Asia) Corp rounded out the group with HK$70 million.
Guaranteed by the parent company, the bullet loan features a margin of 89bp over Hibor and has a commitment fee of 25bp.
Proceeds are to support the purchase of the Four Seasons Hotel and the Hunn Hang Expressway toll road project in Shanghai.
India
A $78 million six-year term loan for Electrosteel Castings has been inked via mandated leads Bank of Baroda, Bank of India, HSBC and State Bank of India.
Syndication saw SBI International (Mauritius) joining in as an arranger and DBS as a co-arranger.
Proceeds are for capital expenditure purposes.
Japan
ACOMÆs Ñ5.0 billion two-year fundraising has been signed via sole lead arranger and bookrunner Calyon.
Syndication saw Industrial & Commercial Bank of China, State Bank of India and Union de Banques Arabes et Francaises joining in as participants.
The funds are for general corporate purposes.
South Korea
Lotte ShoppingÆs $300 million three-year loan-style FRN was signed on October 15 via Bank of America, Bank of Nova Scotia, BNP Paribas, Calyon, DBS Bank and ING Bank on a club basis.
The bullet facility is priced at 175bp over Libor and the six mandated leads each committed $50 million.
Proceeds are for general corporate purposes.
Taiwan
AU OptronicsÆ NT$58 billion dual-tranche facility was upsized from NT$50 billion and signed on October 15 via a consortium of 15 coordinating arrangers and bookrunners.
The term loan comprises a NT$53.5 billion seven-year facility and a NT$4.5 billion five-year portion with a two-year extension option. The seven- and five-year tranches are priced at 52bp and 45bp over the secondary CP rate respectively.
Coordinating arrangers Bank of Taiwan and Cathay United Bank committed NT$6 billion apiece while Bank Sinopac, Chinatrust Commercial Bank, First Commercial Bank, Land Bank of Taiwan, Mega International Commercial Bank, Taipei Fubon Commercial Bank and Taiwan Cooperative Bank each lent NT$4 billion. Chang Hwa Commercial Bank gave NT$3 billion, while ABN AMRO and Mizuho Corporate Bank contributed NT$2.5 billion apiece. E.Sun Commercial Bank, Hua Nan Commercial Bank and Taishin International Commercial Bank provided NT$2 billion apiece.
Co-arrangers Citi, Taiwan Business Bank and Yuanta Bank committed NT$1 billion each, while Export-Import Bank of the Republic of China and Taichung Business Bank lent NT$500 million apiece. Agricultural Bank of Taiwan and Bank Taiwan Life Insurance rounded out the group with NT$300 million and NT$200 million respectively.
Proceeds are to fund the construction of a TFT-LCD plant in Taichung, Taiwan.
A NT$3.4 billion 20-year amortising facility for CAL Park has been signed via mandated lead arrangers and bookrunners Agricultural Bank of Taiwan, Cathay United Bank, Chang Hwa Commercial Bank, First Commercial Bank and Land Bank of Taiwan. Export-Import Bank of the Republic of China joined the leads as an arranger.
The term loan features a margin of 66bp over the secondary CP rate. Proceeds are to support the construction and operation of the aviation operation centre at Taiwan's Taoyuan International Airport. An operation period of 50 years follows after the construction is completed in September 2009.
A NT$1.8 billion three-year revolving credit for Waterland Securities was signed last week via mandated lead arrangers and bookrunners Hua Nan Commercial Bank, Industrial Bank of Taiwan, Jih Sun International Bank and Taiwan Cooperative Bank.
The leads committed NT$400 million apiece, while participants Agricultural Bank of Taiwan and Shin Kong Commercial Bank provided NT$100 million each.
The deal pays a spread of 80bp over the secondary CP rate and has a commitment fee of 10bp if the total usage is less than 50%.
Proceeds are for working capital purposes.
Vietnam
Syndication of PetroVietnam Drilling InvestmentÆs $150 million six-and-a-half-year amortising loan is expected to close next week via mandated arrangers ABN AMRO, ANZ and HSBC.
The deal pays a spread of 300bp over Libor and features an average life of four years. PetroVietnam is acting as the guarantor.
So far, syndication has seen one undisclosed bank joining in as an arranger with a commitment of $10 million.
The funds are to finance a jack-up rig and to refinance a short-term facility used for the rig.
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