Loan Week, October 3-9

A roundup of the latest syndicated loan market news.

Australia

AMP Capital Investors has secured a A$900 million revolver on a club basis through mandated lead arrangers ANZ, Bank of Nova Scotia, Commonwealth Bank of Australia, NAB, SMBC and Westpac.

The facility is split into a A$400 million three-year tranche and a A$500 million five-year portion.

Proceeds are to refinance existing indebtedness.

China

Hutchison Whampoa Property (Shanghai) Lujiazui has completed a Rmb2.8 billion five-year term loan through sole bookrunner and mandated lead arranger Bank of China.

The facility is priced at 105% of PRC rate.

Syndication saw China Construction Bank and Agricultural Bank of China come in at lower levels.

Proceeds are to support construction of new project.

Shanghai Xintian Real Estate has sealed a Rmb3.4 billion eight-year term loan through sole bookrunner and mandated lead arranger Bank of China.

The transaction is priced at 105% of PRC rate.

Syndication saw Agricultural Bank of China, China Construction Bank, Industrial Bank, ICBC and Shanghai Pudong Development Bank join in as lenders.

Proceeds are to support construction of new project.

Xinjiang Dushanzi Tianli Industrial has inked a Rmb1.6 billion 10-year term loan through sole bookrunner and mandated lead arranger Bank of China.

Final allocations saw the lead contribute Rmb689 million while ICBC held Rmb411 million. Bank of KunLun concludes the transaction with Rmb500 million.

Proceeds are to support construction of new project.

India

Indian Metals and Ferro Alloys has obtained a INR4.3 billion 10-year term loan through sole bookrunner and mandated lead arranger ICICI Bank.

Final allocations saw ICICI Bank give INR2.8 billion while Export-Import Bank of India provided INR1 billion. South Indian Bank concluded the syndicate with INR500 million.

Proceeds are to support the refinancing of an existing loan taken for the construction of a 120MW captive power plant.

Philippines

Petron Corp has signed a $475 million five-year term loan through bookrunners and mandated lead arrangers Bank of Tokyo-Mitsubishi UFJ, CTBC Bank, Maybank, Mizuho, Standard Chartered and SMBC.

Syndication saw KDB and First Gulf Bank join in as mandated lead arrangers while BBK BSC, BNP Paribas and Societe Generale came in as lead arrangers. Bangkok Bank, Bank of East Asia, Bank of Kaohsiung, Bank of Taiwan, Chang Hwa Commercial Bank, First Commercial Bank, JA Mitsui Leasing, Land Bank of Taiwan, Mega International Commercial Bank, Taishin International Bank, Taiwan Business Bank and Taiwan Cooperative Bank joined in as arrangers.

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

Singapore

Trafigura Beheer has obtained a $1.7 billion financing through bookrunners and mandated lead arrangers ANZ, Bank of China, CTBC Bank, DBS, ICBC, OCBC, Standard Chartered, SMBC, and UOB.

The debt package comprises of a $1.5 billion one-year tranche and a $215 million three-year portion.

Syndication saw Abu Dhabi Commercial Bank, NAB, National Bank of Abu Dhabi and Westpac join in as mandated lead arrangers while Bank of Taiwan, Commonwealth Bank of Australia and KDB came in as lead arrangers. Bank of Baroda, Bank of Tokyo-Mitsubishi UFJ, Banque MISR, Chang Hwa Commercial Bank, First Commercial Bank, KBC bank, Land Bank of Taiwan, Maybank, Mega International Commercial Bank, Taiwan Business Bank, Union De Banques Arabes ET Francaises, Union National Bank and Zenith Bank concluded the syndicate as arrangers.

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