Loan Week, October 10-16

A roundup of the latest syndicated loan market news.

China

Logan Property Holdings has completed a $105 million three-year term loan on a club basis through mandated lead arrangers Credit Suisse, Deutsche Bank, Goldman Sachs, Hang Seng Bank and HSBC.

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

Yanfeng Visteon Investment has completed a Rmb250 million five-year financing through sole bookrunner and mandated lead arranger SMBC.

Syndication saw ICBC join in as mandated lead arranger.

Proceeds are for future acquisition purposes.         

Hong Kong

Royal Mark Investments has secured a HK$3.9 billion 4.5-year term loan on a club basis through mandated lead arrangers China Construction Bank, DBS, HSBC, SMBC and UOB.

Final allocations saw the banks contribute evenly.

Proceeds are to refinance existing indebtedness and to support construction costs.

Sinopec Century Bright Capital Investment has signed a $340 million five-year term loan through sole bookrunner and mandated lead arranger Mizuho.

Syndication saw DNB Asia and Sumitomo Mitsui Trust Bank join in as mandated lead arrangers.

Proceeds are for refinancing and general corporate funding purposes.

India

Guruvayoor Infrastructure has obtained a Rs4.6 billion 12-year term loan through sole bookrunner and mandated lead arranger IDFC.

The facility is split into a Rs4.1 billion tranche and a Rs500 million portion.

Syndication saw India Infradebt join in as lender.

Proceeds are for refinancing and capital expenditure purposes.

Kanpur Fertilizers and Cement has obtained a Rs3 billion 12-year and five-month term loan through sole bookrunner and mandated lead arranger State Bank of India.

Final allocations saw the lead contribute Rs1.7 billion while participant India Infrastructure Finance pledged Rs1.3 billion.

Proceeds are for capital expenditure purposes.

Reliance Jio Infocomm has secured a $750 million buyer credit on a club basis through mandated lead arrangers ANZ, Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Commerzbank, Credit Agricole, Export-Import Bank of Korea, HSBC, ING, JPMorgan, Mizuho, Nonghyup Bank, Banco Santander and SMBC.

The facility is split into a $290 million and $20 million five-year tranches and a $440 million 10-year portion.

Proceeds are for capital expenditure purposes.

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