China
Guang-Zhong-Jiang Expressway Management Office has sealed a Rmb10 billion 18-year term loan through joint bookrunners Bank of China and China Development Bank.
Final allocations saw China Development Bank pledge Rmb5.5 billion while Bank of China provided Rmb2.5 billion. Participants Bank of Guangzhou and China Merchants Bank joined in with Rmb1 billion apiece.
Proceeds are for the construction of the Guang-Zhong-Jiang Highway.
Liaoning Hongyanhe Nuclear Power has completed a Rmb3.3 billion 25-year financing through sole bookrunner and mandated lead arranger Bank of China.
The facility will be repaid semi-annually.
Final allocations saw the lead contribute Rmb1.4 billion while participant Industrial & Commercial Bank of China lent Rmb991 million. China Construction Bank, Agricultural Bank of China and China Power Investment Finance Co gave Rmb466 million, Rmb400 million and Rmb30 million respectively to complete the syndication.
Proceeds are for project financing purposes.
Hong Kong
Hilong Holding has inked a $200 million-equivalent three-year term loan through bookrunners and mandated lead arrangers Deutsche Bank and HSBC.
The debt package comprises a $147 million tranche and a HK$409 million portion.
Syndication saw Bank of East Asia, China CITIC International Bank, First Gulf Bank, Hang Seng Bank and ICBC join in as mandated lead arrangers. Banca Monte dei Paschi di Siena, BDO Unibank, Chang Hwa Commercial Bank, China Everbright Commercial Bank, First Commercial Bank, Hua Nan Commercial Bank, Land Bank of Taiwan, Mega International Commercial Bank, Taishin International Bank and Taiwan Cooperative Bank came in as lead arrangers. Bank of Taiwan, E.Sun Commercial Bank, Far Eastern International Bank, Taipei Fubon Commercial Bank, Tai Fung Bank and Taiwan Business Bank concluded the syndicate as arrangers.
Proceeds are for refinancing and general corporate purposes.
HPHT Finance has secured a $3.6 billion term loan on a club basis through mandated lead arrangers ANZ, Bank of America Merrill Lynch, Bank of China, Bank of Nova Scotia, Bank of Tokyo-Mitsubishi UFJ, Citi, Commonwealth Bank of Australia, Credit Agricole, DBS, Deutsche Bank, HSBC, Mizuho, OCBC, RBS, Standard Chartered, SMBC and UOB.
Proceeds are for refinancing purposes.
Singamas Container Holdings has concluded a $310 million four-year financing through sole bookrunner Bank of Tokyo-Mitsubishi UFJ.
Syndication saw DBS, HSBC, ING and UOB join in as mandated lead arrangers while Bank of Ayudhya came in as lead arranger. OCBC and SMBC joined in as arrangers to complete the syndication.
Proceeds are for refinancing and general corporate purposes.
India
Essar Energy has obtained a $450 million three-year and six-month term loan through sole bookrunner Axis Bank.
The single tranche facility is underwritten by the lead.
Final allocation saws the bookrunner take $150 million while participant Export-Import Bank of China provided $300 million.
Proceeds are to refinance existing indebtedness.
Reliance Industries has successfully completed a $192 million-equivalent ten-year credit facility through mandated lead arrangers ANZ, Bank of Tokyo-Mitsubishi UFJ, DZ Bank, HSBC, ING and NordLB on a club basis.
The financing is split into a €100 million tranche and a $60 million portion.
Proceeds are for capital expenditure purposes.
Yes Bank has obtained a $257 million-equivalent term loan through bookrunners and mandated leads ANZ, Citi, Commerzbank, Doha Bank, Emirates NBD, HSBC, LBBW, Standard Chartered, State Bank of India and Wells Fargo.
The facility is split into a $75 million one-year tranche, a $105 million two-year portion, a €34 million one-year tranche and a €24 million two-year portion.
Syndication saw Oberbank join in as arranger.
Proceeds are for trade flow and general corporate purposes.
Taiwan
Jih Sun Formosa Auto Leasing has completed a NT$1.5 billion three-year revolver through joint bookrunners Hua Nan Commercial Bank and Mega International Commercial Bank.
The facility is priced at 100bp over the secondary CP rate.
Syndication saw the leads pledge NT$225 million apiece. Agricultural Bank of Taiwan, Bank of Taiwan, Chang Hwa Commercial Bank, First Commercial Bank, Taiwan Cooperative Bank and Yuanta Commercial Bank gave NT$150 million each as participants, while Land Bank of Taiwan and Sunny Bank rounded up the process with NT$75 million apiece.
Proceeds are to refinance an existing loan facility signed in June 2011, and for working capital purposes.
Test Rite International has concluded a NT$3.4 billion five-year financing through joint bookrunners Taishin International Bank, Taiwan Business Bank and Yuanta Commercial Bank.
The deal includes a NT$1.2 billion term loan and a NT$2.2 billion revolving credit.
Final allocations saw Yuanta Commercial Bank provide NT$1.1 billion while Taiwan Business Bank and Taishin International Bank contributed NT$1 billion and NT$800 million, respectively. Participants King’s Town Bank and Ta Chong Bank completed the syndication with NT$300 million and NT$250 million, respectively.
Proceeds are to repay debt and for working capital purposes.
Wistron Corp has signed a $600 million revolver through joint bookrunners Bank of China, CTBC Bank, Chang Hwa Commercial Bank, E.Sun Commercial Bank, First Commercial Bank, Hua Nan Commercial Bank, Mega International Commercial Bank, Mizuho, SMBC and Taipei Fubon Commercial Bank.
The loan package is divided into a $510 million five-year tranche and a $90 million three-year portion with a two-year extension option.
Syndication saw Bank SinoPac, China Development Industrial Bank, Far Eastern International Bank, Land Bank of Taiwan, Taishin International Bank, Taiwan Business Bank and Taiwan Cooperative Bank join in at lower tiers.
Proceeds are for working capital purposes.
