Westfield Management, the responsible entity for Carindale Property Trust, has obtained a A$230 million five-year facility on a club basis via mandated lead arrangers Credit Agricole and Sumitomo Mitsui Banking Corp.
The senior secured facility is split into a A$60 million revolving investment tranche and a A$170 million development tranche.
Proceeds are to refinance existing borrowings, finance redevelopment costs for Westfield Carindale and for general corporate purposes.
Orascom Telecom Bangladesh – Bangalink has secured a Bdt1.2 billion short-term working capital loan via sole bookrunner Standard Chartered Bank.
Standard Bank, Pubali Bank and Uttara Bank joined the 360-day facility as participants.
Proceeds are for working capital purposes.
Mersen China Holding and its subsidiaries have successfully secured a Rmb500 million dual-tranche facility via bookrunners and mandated lead arrangers
The three-year bullet facility consists of a Rmb350 million term loan and a Rmb150 million revolving credit.
Syndication saw the leads take Rmb150 million each, while Societe Generale came into the term loan with Rmb50 million.
Proceeds are to refinance an existing facility signed in 2008 and for working capital purposes.
A HK$1.6 billion three-year term loan for Agile Property Holdings was signed last week as a club deal via arrangers Bank of China (
Final allocations saw Standard Chartered Bank (
Proceeds are to refinance existing indebtedness and for general working capital purposes.
Sino Fountain’s HK$552 million three-year senior secured term loan was signed in early September via sole bookrunner and mandated lead arranger Citi.
Bank of Taiwan,
Proceeds are to support the HK$2.0 billion acquisition of China Huiyuan Juice Group from Danone Asia by SAIF Partners.
European Projects and Aviation’s Rs5.0 billion five-year revolver was signed last week via sole bookrunner and mandated lead arranger Axis Bank.
Final allocations saw the lead contribute Rs1.0 billion, while participants Bank of India and Corporation Bank gave Rs1.5 billion each. Participants Dena Bank and Karur Vysya Bank gave Rs750 million and Rs250 million respectively.
Proceeds are for working capital purposes.
Sole mandated lead arranger IDBI Bank completed a Rs26.0 billion 14-year term loan for
Syndication saw Allahabad Bank, Andhra Bank, IDFC, Indian Overseas Bank, Jammu & Kashmir Bank, Punjab & Sind Bank, Punjab National Bank, State Bank of
Proceeds are for a gas-based power plant at
A Rs12.0 billion 14.5-year term loan for Simhapuri Energy was signed on September 14 via sole mandated lead SBI Capital Markets.
Secured by project assets, the loan is priced at 375bp over the State Bank Base Rate and will be repaid through 45 quarterly instalments.
Final allocations saw State Bank of India, Union Bank of India and Canara Bank take Rs2.7 billion, Rs1.6 billion and Rs860 million respectively, while Allahabad Bank, Andhra Bank, Oriental Bank of Commerce, Punjab & Sind Bank, Bank of India and Punjab National Bank pledged Rs780 million apiece. State Bank of Patiala and State Bank of Bikaner & Jaipur lent Rs740 million each, while Tamilnad Mercantile Bank and Vijaya Bank contributed Rs390 million and Rs344 million respectively.
Proceeds are to support a power plant project.
Videocon Industries has successfully obtained a Rs20.0 billion 1.5-year term loan via sole bookrunner and mandated lead arranger IDBI Bank.
The bullet loan saw IDBI Bank lend Rs1.0 billion, while Syndicate Bank gave Rs300 million. Corporation Bank and United Bank of India contributed Rs200 million each, while Andhra Bank and Vijaya Bank ended up with Rs150 million apiece.
Proceeds are for general corporate purposes.
Nissan Motor’s $1.8 billion three-year multi-currency revolving credit was signed last week via sole bookrunner and mandated lead arranger Citi.
The unsecured financing saw Citibank, HSBC, Mizuho Corporate Bank, J.P. Morgan and 10 other banks participate in the facility.
Proceeds are to renew a $1.8 billion one-year revolving credit sealed in September 2009.
A ¥20.0 billion 364-day revolving credit facility for Toyota Tsusho Corp was signed on September 16 via sole bookrunner and mandated lead arranger Citi.
Syndication saw Credit Agricole, HSBC and other undisclosed lenders contribute to the facility.
Proceeds are to refinance a ¥20.0 billion one-year revolving credit signed in September 2009.
Shinhan Bank’s $100 million one-year revolver was signed last week via sole bookrunner and mandated lead arranger Bank of Tokyo-Mitsubishi UFJ.
The financing offers a margin of 60bp over Libor.
Final allocations saw the lead pledge $50 million, while lead arrangers Banca Monte dei Paschi di Siena, Mega International Commercial Bank and Taiwan Business Bank committed $9 million each. Arrangers Shanghai & Commercial Savings Bank lent $8 million, while Taiwan Cooperative Bank contributed $7 million. Land Bank of
Proceeds are for working capital purposes.
ChungSen Construction’s NT$2.1 billion four-year term loan was signed last week via joint bookrunners Chang Hwa Commercial Bank and Land Bank of
Secured by land and factories, the term loan is split into a NT$680 million tranche and a NT$1.4 billion portion, which are priced at 100bp and 125bp over the one-year post office savings rate respectively.
Chang Hwa Commercial Bank and Land Bank of
Proceeds are for repaying debt and to support construction.
A NT$600 million three-year debt package for High-Tek Harness Enterprise and two of its subsidiaries was sealed on September 13 via mandated lead arrangers Chang Hwa Commercial Bank, Industrial Bank of Taiwan, Ta Chong Bank, Taishin International Bank and Taiwan Business Bank.
The debt package is priced at 125bp over the secondary CP rate and 140bp over Libor when drawn in New Taiwan dollar and US dollars respectively. There is also an interest rate floor of 1.9%.
The leads lent NT$84 million apiece, while co-arrangers Bank of Kaohsiung and Shanghai Commercial & Savings Bank took NT$66 million each. DBS Bank ended up as a participant with NT$48 million.
Proceeds are for repaying existing debt and working capital purposes.
Nien Hsing Textile has secured a NT$900 million three-year facility via mandated lead arrangers
The facility comprises NT$200 million and NT$700 million revolvers, which feature a spread of 40bp over the secondary CP rate.
Final allocations saw Hua Nan Commercial Bank, Mega International Commercial Bank and E. Sun Commercial Bank hold NT$300 million, NT$250 million and NT$200 million respectively, while
Proceeds are to refinance an existing facility signed in November 2007 and for working capital purposes.
Rojana Power’s Bt9.9 billion dual-tranche facility has been inked via sole bookrunner Kasikornbank.
The term loan is split into a Bt4.3 billion eight-year tranche and a Bt5.6 billion 16-year portion. Syndication saw Krung Thai Bank join in as a participant.
Proceeds are to refinance existing indebtedness and fund the construction of power plants in
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