Loans week March 13-19

A roundup of the latest syndicated loan market news.

Australia

ConnectEast Finance has inked a A$1 billion term loan through joint mandated lead arrangers Bank of Tokyo-Mitsubishi UFJ, CIBC, Commonwealth Bank of Australia, National Australia Bank and Westpac.

The loan package is split into a A$240 million three-year portion, a A$400 million four-year credit and a A$394 five-year tranche.

Proceeds are to support the construction of a toll road in Melbourne and refinancing purposes.

 

China

Hefei Poly Hezhu Real Estate has completed a Rmb470 million three-year term loan through sole bookrunner and mandated lead arranger Bank of China.

The transaction is guaranteed by Poly Real Estate Group.

Final allocations saw the lead provide Rmb 300 million while China CITIC Bank gave Rmb 170 million.

Proceeds are for capital expenditure purposes.

Henan Energy & Chemical industry Group has secured a Rmb 180 million three-year revolving/term credit through sole bookrunner and mandated lead arranger Bank of China.

The fundraising is priced at PBOC rate.

Final allocations saw the lead give Rmb 100 million while Henan Energy Financial Company contributed Rmb 80 million.

Proceeds are for working capital purposes.

Zhejiang Jiahua Energy Chemical Industry has inked a Rmb600 million five-year term loan through sole bookrunner and mandated lead arranger Bank of China.

The financing is priced at PBOC rate.

Final allocations saw the lead and China Merchant Bank both commit Rmb 300 million.

Proceeds are for capital expenditure purposes.

Malaysia

SapuraKencana TMC has sealed a $2.2 billion equivalent credit facility through sole bookrunner and mandated lead arranger Maybank.

The guarantor is SapuraKencana Petroleum Bhd.

Syndication saw ABN AMRO Bank, AmInvestment Bank Bhd, CIMB, HSBC, ING Bank, National Bank of Abu Dhabi PJSC, RHB Investment Bank Bhd, Standard Chartered Bank, SMBC and UOB join in as arrangers.

Proceeds are for refinancing purposes.

 

Taiwan

Bei Chi Construction has secured a $76.2 million dual-currency four-year term loan through sole bookrunner and mandated lead arranger CTBC Bank.

Syndication saw Agricultural Bank of Taiwan, Shanghai Commercial & Savings Bank Ltd and CTBC Life Insurance Co Ltd join in as participants.

Proceeds are for land financing, refinancing and construction loan purposes.

Shan Shui Me Food Enterprise has signed a NT$1.5 billion three-year revolver through sole bookrunner and mandated lead arranger Bank of Taiwan.

The facility is priced at 100.5bp over Bank of Taiwan’s two-year time savings deposit rate.

Final allocations saw the lead and Taichung Commercial Bank give NT$300 million apiece while KGI Bank held NT$200 million. Chang Hwa Commercial bank committed NT$150 million while Agricultural Bank of Taiwan, Hua Nan Commercial Bank, Land Bank of Taiwan, Sunny Bank and Taiwan Cooperative Bank contributed NT$100 million apiece. Jih Sun International Commercial Bank concluded the syndicate with NT$50 million.

Proceeds are for refinancing and working capital purposes.

 

Thailand

TRUE Telecommunications Growth Infrastructure Fund has completed a Bt13.1 billion term loan through bookrunners and mandated lead arrangers Bangkok Bank and Siam Commercial Bank.

Final allocation saw Bangkok Bank give Bt6.6 billion while Siam Commercial Bank held Bt3 billion. Kiatnakin Bank contributed Bt1.6 billion while Bank of Ayudhya and TISCO Bank both joined in with Bt1 billion.

Proceeds are for assets investment purposes.

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