Challenger Infrastructure FundÆs A$540 million dual tranche bullet loan has been inked via lead banks Commonwealth Bank of Australia, Bank of Scotland and Royal Bank of Scotland.
The deal comprises a A$290 million three year credit and a A$250 million nine month term loan.
Final allocations saw Commonwealth Bank of Australia providing A$193.33 million, Bank of Scotland holding A$181.67 million and Royal Bank of Scotland taking A$165 million.
Mandated lead arrangers and bookrunners ANZ, Deutsche Bank and JP Morgan have launched a A$1.25 billion one year financing for ING Industrial Fund into general syndication.
The funds are to refinance existing debt.
A roadshow was held yesterday (October 25) in Sydney. Banks have until November 16 to respond.
Leads National Australia Bank and Westpac closed a A$1 billion five year fundraising for Telstra Corp on October 22.
The full syndicate is undisclosed at present. The signing ceremony will be held today.
China
A $111.429 million multi-tranche financing for Radiant Opto-Electronics has been inked via a consortium of eight banks. BNP Paribas and Citi are the original mandated arrangers.
The five year loan comprises a $68.572 million Suzhou tranche, a $22.857 million Nanjing tranche and a $20 million Guangzhou tranche.
Final allocations saw the leads Bank of China provide $25 million while BNP Paribas and Citi held $17.47 million each. Agricultural Bank of China took $16.5 million and KBC Bank committed $12 million. Bank of China (Hong Kong) and Mizuho Corporate Bank ended up with $10 million apiece.
Joining the syndicate as a co-arranger with a hold of $3 million was Industrial & Commercial Bank of China.
Hong Kong
The targeted close for Man Yue InternationalÆs HK$300 million four year term loan has been extended to next week as some banks are still waiting for credit approvals. A site visit was held last week. Standard Chartered is the sole lead arranger and bookrunner.
The facility features a spread of 71.5bp over Hibor. Banks have been invited to join on three levels.
Co-arrangers committing HK$50 million or above get 35bp for an all-in of 86.2bp while lead managers contributing between HK$35 million and HK$49 million receive 29bp for an all-in of 83bp. Managers holding between HK$25 million and HK$34 million gain 23bp for an all-in of 81.2bp.
The funds are to refinance a HK$280 million facility signed in October 2005.
Original mandated co-ordinating arrangers Bank of China (Hong Kong), Calyon, HSBC, Standard Chartered and Sumitomo Mitsui Banking Corp have completed a HK$10 billion dual tranche facility for Swire Pacific. The deal was signed on October 24 with a total of 15 banks joining the syndicate.
The five year deal is split equally into a term loan and a revolver and pays a spread of 25bp over Hibor.
Final allocations saw the original leads Bank of China (Hong Kong), Calyon, HSBC, Standard Chartered and Sumitomo Mitsui Banking Corp each commit HK$816 million. Equal status arrangers Bank of Nova Scotia, Bank of Tokyo-Mitsubishi UFJ, Industrial & Commercial Bank of China, Mizuho Corporate Bank and Natixis each took HK$750 million.
Co-ordinating arrangers Agricultural Bank of China held HK$670 million while DBS Bank contributed HK$500 million. Chong Hing Bank came in as arranger with a take of HK$400 million.
Rounding off the consortium were co-arrangers Banco Bilbao Vizcaya Argentaria and Tai Fung Bank with holds of HK$300 million apiece.
TrafiguraÆs $400 million multi-tranche financing is still syndicating via original mandated lead arrangers Barclays Capital, BNP Paribas and Mizuho Corporate Bank.
Joining them at the top as equal status arrangers are ANZ, Standard Chartered, Sumitomo Mitsui Banking Corp and United Overseas Bank.
Banks have until November 8 to revert.
¬ Haymarket Media Limited. All rights reserved.
