Loans week April 3-9

A roundup of the latest syndicated loan market news.

Hong Kong

Shangri-La Asia Treasury has secured a $107 million five-year debt package through bookrunner and mandated lead arranger Bank of Tokyo-Mitsubishi UFJ.

The five year facility is split evenly and comprises a term loan and a revolving credit facility.

Syndication saw National Bank of Kuwait come in as a mandated lead arranger while First Commercial Bank and Mega International Commercial Bank joined as arrangers.

Proceeds are to refinance the borrower's existing borrowings and finance the general corporate funding requirements of the guarantor and its group.

 

India

Nandi Economic Corridor Enterprises has completed a Rs17 billion term loan through bookrunner and mandated lead arranger Axis Bank.

The fundraising is split into a Rs10 billion 12-year portion, a Rs2.5 billion 12-year credit, a Rs2 billion 17-year tranche and a Rs2 billion 17-year facility.

Syndication saw Aditya Birla Finance, Bank of India, HDFC Bank, IDFC and Jammu & Kashmir Bank join in as lenders.

Proceeds are to refinance the outstanding of the existing Project Loan and funding the Debt Service Reserve Account.

Yedeshi Aurangabad Tollway has signed a Rs18 billion 18 year-and-three-month term loan through mandated lead arrangers Bajaj Consultants and IDBI Bank.

The financing is guaranteed by IRB Infrastructure Developers.

Syndication saw Andhra Bank, IDFC, India Infrastructure Finance, Indian Overseas Bank and Union Bank of India come in as participants.

Proceeds are for capital expenditure purposes.

 

Malaysia

Malaysian owned, Istanbul Sabiha Gokcen Uluslararasi Havalimani Yer Hizmetleri has sealed a €500 million term loan through bookrunners and mandated lead arrangers Deutsche Bank, BNP Paribas and CIMB Bank.

The facility is fully underwritten by MLABs.

Syndication saw Export-Import Bank of Malaysia, BBVA, CTBC Bank, DZ Bank, First Gulf Bank, ING Bank, Intesa Sanpaolo, National Bank of Abu Dhabi, NATIXIS, SMBC, Siemens Financial Services, Societe Generale and Standard Chartered Bank join in as mandated lead arrangers while ICICI Bank came in as lead arranger. Anadolubank and Mega International Commercial Bank conclude the syndicate as arrangers.

Proceeds are to repay existing indebtedness.

 

Taiwan

Fina Finance & Trading has inked a NT$2.4 billion three-year revolver through sole bookrunner and mandated lead arranger Land Bank of Taiwan.

Syndication saw Agricultural Bank of Taiwan, Bank of Taiwan, Chang Hwa Commercial Bank, Jih Sun Commercial Bank, Mega International Commercial Bank, Yuanta Commercial Bank join.

Wistron Corp has obtained a $280 million one-year credit facility though sole bookrunner and mandated lead arranger Chang Hwa Commercial Bank.

Final allocations saw the lead contribute $150 million while Bank Sinopac provided $50 million as mandated lead arranger. Hua Nan Commercial Bank and Mega International Commercial Bank lent $30 million apiece while First Commercial Bank took $20 million.

Proceeds are for general corporate purposes.

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