Loans week April 10-16

A roundup of the latest syndicated loan market news.


John Holland has secured a A$1 billion three-year revolver through joint bookrunners and mandated lead arrangers ANZ and HSBC.

The transaction comprises a A$315 million portion, a A$195 million tranche and a A$490 million facility.

Syndication saw AIG, Commonwealth Bank of Australia, Mizuho, National Australia Bank, Westpac come in as mandated lead arrangers while ACE Group, AssetInsure, Sumitomo Mitsui Financial Group, Suncorp Group and UOB joined in as participants.

Proceeds are for acquisition purposes and for general corporate purposes.


China Resources Power Holdings has signed a $1.2 billion five-year club deal through joint mandated lead arrangers Bank of East Asia, China Construction Bank, Commonwealth Bank of Australia, DBS, Fubon Bank, ING, Industrial & Commercial Bank of China, BTMU, Mizuho, Natixis, OCBC, SG Corporate & Investment Banking, Scotiabank, Sumitomo Mitsui Financial Group and UOB.

The transaction comprises a HK$7.4 billion portion and a $220 million facility.

Proceeds are for general corporate purposes.



Gujarat State Petroleum Corp has completed a Rp35 billion term loan through sole bookrunner Bank of India.

Syndication saw State Bank of India join in as mandated lead arranger while Allahabad Bank, Corporation Bank, Export-Import Bank of India, Indian Bank, Oriental Bank of Commerce, Punjab & Sind Bank, Punjab National Bank, South Indian Bank, Union Bank of India and United Bank of India joined in as lenders.

Proceeds are to support a 5 MMTPA Greenfield LNG Terminal at Mundra, Gujarat, India.


Hong Kong

Haitong International Holdings has secured a $368 million three-year term loan through bookrunner Standard Chartered Bank.

Syndication saw Export-Import Bank of China come in as a mandated lead arranger while China Everbright Bank joined in as a lender.

Proceeds are to repay existing debt.



Ecom Agroindustrial Asia has signed a $470 million revolver through joint bookrunners and mandated lead arrangers ANZ, DBS and ING.                                    

Syndication saw ABN AMRO Bank, Bank of China, Commonwealth Bank of Australia, HSBC, BTMU, Rabobank, SG Corporate & Investment Banking and Standard Chartered Bank join in as mandated lead arrangers while KBC, OCBC, UBS and UOB came in as arrangers.

Proceeds are to refinance a $440m facility signed 14 Apr 2014, for general corporate and working capital purposes.



ADImmune Corp has inked a NT$3.2 billion multi-tranche credit facility through sole bookrunner and mandated lead arranger Land Bank of Taiwan.

The facility is split into a NT$1.3 billion 15-year portion, and two seven-year tranches of NT$800m and NT$1.1 billion, respectively.

Syndication saw Agricultural Bank of Taiwan, Chang Hwa Commercial Bank, Taichung Commercial Bank, Taiwan Business Bank and Taiwan Cooperative Bank join in as lenders.

Proceeds are to repay existing indebtedness, capital expenditure and working capital purposes.


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