A A$460 million four year multi-tranche fundraising for Centennial Coal was signed on Thursday (December 20) via a syndicate of seven banks on a club basis. The mandated arrangers are ANZ, BNP Paribas, Bank of Tokyo-Mitsubishi UFJ, HSBC, National Australia Bank, Toronto Dominion and Westpac Banking Corp.
The deal comprises a A$175 million term loan, a A$150 million revolver, a A$100 million letter of credit and a A$35 million guarantee facility.
Allocations saw ANZ contributing A$165 million, while Westpac Banking Corp took A$75 million. BNP Paribas, HSBC and Toronto Dominion held A$50 million apiece and Bank of Tokyo-Mitsubishi UFJ provided A$40 million. Completing the syndicate was National Australia Bank committing A$30 million. The funds are to refinance existing debt.
HealthscopeÆs A$700 million two-year credit was completed on December 20 via sole lead arranger ANZ which committed A$229 million.
Lenders Westpac Banking Corp contributed A$138 million while Commonwealth Bank of Australia provided A$127 million. Bank of Scotland (International) took A$106 million while St. George Bank lent A$100 million.
A A$1.2 billion 364-day bullet fundraising for ISPT was inked on December 18 on a club basis via a group of four banks.
Allocations saw Commonwealth Bank of Australia providing A$500 million, Westpac Banking Corp held A$350 million, Suncorp Bank contributed A$250 million and National Australia Bank ended up with A$100 million.
Linfox AustraliaÆs A$600 million financing has been completed via a syndicate of seven banks. The loan comprises a A$400 million three-year bullet facility and a A$200 million three-year amortising loan.
Final allocations saw lead arrangers ANZ commit A$125 million, while Westpac contributed A$115 million.
Joining as participants were HSBC providing A$115 million, St George Bank holding A$90 million and Rabobank taking A$65 million. National Australia Bank and United Overseas Bank lent A$45 million each.
The ABN AMRO Capital-led A$112 million dual tranche LBO-facility for Monash IVF Finance was signed on December 13 on a club basis via original leads ANZ and Commonwealth Bank of Australia with commitments of A$67 million and A$45 million respectively.
The six-year deal is split between a A$28 million amortising loan and an A$84 million bullet facility.
China
Hynix û ST Semi Conductor (Wuxi)Æs $750 million five-year financing was finally completed yesterday (December 20) via mandated leads and bookrunners China Development Bank and Korea Development Bank.
The fundraising pays a spread of 140bp over Libor, has a one-year grace period and carries an average life of 3.5 years.
Final allocations saw China Development Bank committing $235 million, while Korea Development Bank held $150 million. Bank of China came in with $120 million, while Agricultural Bank of China and China Construction Bank provided $100 million apiece as participants. Completing the syndicate were China Everbright Bank and Chinese Mercantile Bank with holds of $30 million and $15 million respectively.
Proceeds of the loan are to support the construction of the second phase of a wafer plant project based in Wuxi, China.
Hong Kong
A HK$3.7 billion dual tranche debt package for Pacific Bond has been completed as a club deal via a consortium of 12 banks. The four year deal comprises a HK$2.3 billion bullet and a HK$1.4 billion credit. Both tranches feature a margin of 35bp over Hibor.
Final allocations saw Bangkok Bank contributing HK$500 million while Bank of China, Chong Hing Bank and DBS Bank each held HK$400 million. Standard Chartered took HK$370 million while Sumitomo Mitsui Banking Corp and Wing Lung Bank committed HK$300 million apiece. Bank of Tokyo-Mitsubishi UFJ held HK$255 million while Bank of Communications, Bank of East Asia, Oversea-Banking Corp and Shanghai Commercial & Savings Bank each lent HK$200 million.
Nan Fung Development, Nan Fung Textiles, Sino Land, K Wah International Holdings and USI Holdings are acting as guarantors. Proceeds are to part refinance a 50% land premium for Pak Shek Kok Reclamation Phase 1, Site B, Tai Po, New Territories Inland Lot and to finance the construction cost of the project.
Standard Bank AsiaÆs $500 million three-year transferable term loan has been sealed via a syndicate of 19 banks.
The transaction was self-arranged by the borrower and saw BayernLB, Commerzbank, DZ Bank, Industrial & Commercial Bank of China (Asia), Standard Chartered Bank and Sumitomo Mitsui Banking Corp joining as coordinating arrangers.
ING Bank and Wing Lung Bank joined as arrangers while joining with the title of co-arrangers were Bank of China, DBS Bank, Standard Bank of South Africa (Isle of Man), Bank of Tokyo-Mitsubishi UFJ, HSBC, Banca Monte dei Paschi di Siena, Bank Austria Creditanstalt, E Sun Commercial Bank, Natixis, Oversea-Chinese Banking Corp and Westdeutsche Genossenschafts-Zentralbank.
The funds are to refinance a $250 million transaction signed in April 2005 and for general corporate purposes.
A HK$1 billion dual currency five-year credit for Tianjin Port Development Finance has been completed via a consortium of six banks.
The facility saw all six lead arrangers and bookrunners provide HK$167 million each. Tianjin Port Development Holdings is the guarantor.
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