Perpetual WindÆs A$242 million nine month term loan has been completed via mandated lead arranger National Australia Bank which took A$50 million.
Joining with holds of A$38.4 million each for the title of lead manager were Bank of Tokyo-Mitsubishi UFJ, Fortis Bank, Mizuho Corporate Bank, Oversea-Chinese Banking Corp and WestLB.
Proceeds are to support a wind farm project in South Australia.
A A$4.186 billion three-month acquisition bridge facility for Investa, borrowed under Post Financier was inked on August 22 via mandated leads and bookrunners Citi, Credit Suisse and Morgan Stanley.
The bullet financing saw Morgan Stanley holding onto A$1.674 billion, while both Citi and Credit Suisse provided A$1.256 billion apiece.
Full syndication details were undisclosed and proceeds are for general corporate purposes.
A $200 million four year credit for Roc Oil (Finance) was signed on August 21 on a club basis via mandated lead arrangers Commonwealth Bank of Australia, Societe Generale and BOS International (Australia).
Allocations saw each of the three banks holding $66.67 million. Proceeds are to refinance an existing 12 month bridge loan signed in November 2006 while the remaining $167.5 million of the original loan will be repaid in full from the initial drawdown under the loan facility.
China
China Overseas Land & InvestmentÆs HK$3.5 billion five year revolving and term credit facility was signed on August 23 as a club deal via a consortium of 11 mandated lead arrangers.
The loan offers a margin of 32bp over Hibor and carries a grace period of four years.
Final allocations saw Bank of China (Hong Kong Branch) contribute HK$750 million with ICBC (Asia) taking HK$430 million. Four other banks û Agricultural Bank of China (Hong Kong Branch), Bank of Communications (Hong Kong Branch), HSBC and Hang Seng Bank all provided HK$330 million apiece. The remaining five banks completed the consortium holding HK$200 million each û Bank of East Asia, Calyon, China Construction Bank (Hong Kong Branch), CITIC Ka Wah Bank and DBS Bank (Hong Kong Branch).
Proceeds are for general corporate purposes.
Sole lead arranger and bookrunner Citi is still syndicating a RMB500 million three year credit facility for China Taizinai Group.
The deal features a margin of 95% over the PBOC rate and proceeds are for working capital purposes. Syndication is now slated to close by early September.
Syndication of DongyueÆs $25 million 10 year credit has been closed via a group of three banks.
The facility was oversubscribed, with banks having to scale back commitments at the borrowerÆs request. Allocations saw KBC Bank holding $12.5 million, State Bank of India taking $8.3 million and Korea Development Bank lending $4.2 million.
International Finance Corp which led the deal also provided a $25 million A-loan on a bilateral basis.
The funds are to part finance the development of an organic silicon facility in Shandong Province. The signing ceremony is expected to be held on August 31.
A $68 million five year dual-tranche fundraising for Hubei Yadong Cement has been launched into syndication via sole mandated arranger Citi.
The loan is split equally into a RMB tranche and a US dollar portion with margins priced at 90% over the PBOC rate and Libor respectively.
The mandated lead is in the process of inviting relationship banks. Proceeds are for capital expenditure purposes and commitments are due in by mid-September.
Hynix - ST Semi Conductor (Wuxi) Æs $650 million six-month bridge facility was signed on August 29 by mandated leads China Development Bank and Korea Development Bank.
Banks were invited to join the facility as participants. Final allocations saw the mandated leads contribute $150 million each. Coming in as participants were Agricultural Bank of China holding $130 million while Bank of China, China Everbright Bank, China Investment Bank and Mizuho Corporate Bank contributed $50 million apiece. Completing the syndicate was China Construction Bank taking $20 million.
Proceeds are to fund the purchase of machinery for a second wafer plant for which a separate $750 million loan has been mandated and is targeted to launch in early September.
Jinlong CopperÆs $60 million three year credit that closed early in the month via sole mandated lead arranger Citi has yet to sign.
The financing is guaranteed by Anhui Tongdu Copper and features a margin of 60bp over Libor and an average life of 2.25 years.
Final allocations saw Citi holding onto $8 million with arrangers Bank of Tokyo-Mitsubishi UFJ and Sumitomo Mitsui Banking Corp taking $13 million each. Mizuho Corporate Bank and Nanyang Commercial Bank committed $8 million apiece. Senior managers Korea Exchange Bank and United Overseas Bank gave $5 million each.
The loan is to refinance an existing debt facility. The signing date has been extended and is expected to take place in mid-September.
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