National Australia Bank has funded a A$108.5 million multi-tranche facility for On Site Rentals & Access Holdings.
The five-year fundraising comprises a A$22.5 million five-year term loan, a A$46 million bullet loan, a A$15 million facility and two A$5 million portions.
It has been launched into general syndication, with National Australia Bank as the sole mandated arranger and bookrunner. Next Capital is the guarantor.
SPI (Australia) AssetsÆ A$6.2 billion one-year acquisition bridge loan has been completed as a club deal via a syndicate of nine banks.
Mandated arrangers joining with a contribution of A$712.5 million each were Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Commonwealth Bank of Australia, Fortis Project Finance, Morgan Stanley, Mizuho Corporate Bank, Royal Bank of Scotland. National Australia Bank committed A$500 million.
Singapore Power Facility is the guarantor.
China
ErTan Hydropower DevelopmentÆs Rmb24 billion 25-year financing has been inked via sole mandated arranger Bank of China, which provided Rmb7.2 billion.
Co-ordinating arranger China Development Bank contributed Rmb9.6 billion. Lenders ICBC Asia lent Rmb3.12 billion, China Construction Bank Rmb1.92 billion and Agricultural Bank of China Rmb960 million, while Shanghai Pudong Development Bank and China Merchants Bank took Rmb600 million apiece.
Proceeds will support a hydropower dam project. Cheng Du Municipal Government is acting as a guarantor.
TAGAL (ANSC-TKS Galvanizing)Æs Rmb1.709 billion dual tranche credit has been signed via sole mandated arranger Bank of China.
The term loan is divided into a Rmb1.083 billion tranche and a Rmb625 million portion, both with a 10-year tenor. Margins are at 90% over the People's Bank of China rate.
Allocations saw the bookrunner provide Rmb1.189 billion and one other bank, China Citic Bank lending Rmb520 million as a participant.
Proceeds are for general and working capital purposes.
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