Repayment of Oz MineralsÆ multi-tranche, dual currency facility has been extended until February 27. The existing lenders of the $420 million portion provided to Oxiana, one of the two predecessor companies of OZ Minerals, are ANZ, Bank of Scotland, BNP Paribas, Commonwealth Bank of Australia, National Australia Bank, Royal Bank of Scotland and UniCredit. A $140 million tranche was lent by ANZ and Royal Bank of Scotland while a A$250 million credit facility to Zinifex, the second predecessor, was solely provided by Societe Generale.
Proceeds are for refinancing and working capital purposes.
China
A $174 million one-and-a-half-year term loan for China Real Estate Opportunities has been withdrawn by the borrower. Credit Suisse was the sole mandated lead arranger and bookrunner.
Syndication closed in December last year with three undisclosed lenders joining in. Proceeds were to support a $362 million acquisition of Silver Tower in Luwan, Shanghai.
Indonesia
PT Central Java PowerÆs Ñ89 billion dual tranche facility was signed in late December via mandated lead arrangers and bookrunners Bank of Tokyo-Mitsubishi UFJ, BNP Paribas and Sumitomo Mitsui Banking Corp.
The deal is split into two 15.75-year term loans of Ñ64 billion and Ñ25 billion respectively. Among the leads, BNP Paribas committed Ñ18.2 billion, Bank of Tokyo-Mitsubishi UFJ lent Ñ17 billion and Sumitomo Mitsui Banking Corp provided Ñ16.8 billion. Participant Sumitomo Trust took Ñ17.5 billion, while Calyon and Shinkin Chukin Bank contributed Ñ10 billion and Ñ5 billion respectively. Shinsei Bank provided Ñ3 billion, while Mizuho Corporate Bank took Ñ1.5 billion.
Proceeds are for project financing purposes.
Korea
A W230 billion multi tranche facility for North Harbour I Bridge was signed on December 31 via sole mandated lead arranger Korea Development Bank.
The financing comprises 17.5-year term loans of W185 billion and W30 billion and a W15 billion bilateral stand-by facility solely provided by Korea Development Bank.
Final allocations saw the lead committing W150 billion. Participants Busan Bank and Dongbu Insurance contributed W30 billion apiece, while Daegu Bank offered W20 billion.
Proceeds are to support the construction of the North Harbour Bridge in Busan city.
New Zealand
Boulcott LandÆs NZ$130 million debt package has been inked via mandated lead arrangers ANZ, Bank of New Zealand and Commonwealth Bank of Australia.
The secured transaction is divided into a NZ$115 million three-year revolving credit and a NZ$15 million mezzanine tranche solely provided by Bank of New Zealand.
The mandated leads lent NZ$38 million each, with the exception of Bank of New Zealand, which took NZ$53 million.
Proceeds are for working capital purposes.
Philippines
A $66 million three-year term loan for Globe Telecom has been sealed as a club deal via a consortium of seven banks.
Mandated lead arranger Calyon committed $15 million, while ANZ, Bank of Tokyo-Mitsubishi UFJ, DBS, Mizuho Corporate Bank and Standard Chartered Bank gave $10 million each. NordLB provided $1 million.
The deal pays a spread of 200bp over Libor. Proceeds are for capital expenditure and working capital purposes.
Singapore
General syndication of Cambridge Industrial TrustÆs S$390 million fundraising is expected to be launched in February via joint bookrunners HSBC and Royal Bank of Scotland. National Australia Bank has already joined in as an equal-status lead arranger.
Proceeds are to refinance previous debt facilities.
A S$580 million three-year facility for CapitaCommercial Trust is slated to sign before March via mandated lead arrangers Bank of Tokyo-Mitsubishi UFJ, DBS Bank, Standard Chartered Bank and United Overseas Bank.
Proceeds are for refinancing purposes.
Taiwan
Champion Building MaterialsÆ NT$940 million loan has been inked via sole mandated lead arranger and bookrunner Taipei Fubon Commercial Bank.
The facility comprises a NT$750 million five-year term loan and a NT$190 million three-year revolver paying a spread of 125bp over the 90-day secondary CP rate.
Taipei Fubon Commercial Bank lent NT$200 million, while Land Bank of Taiwan and Yuanta Commercial Bank committed NT$200 million apiece as equal-status arrangers. Participants Taiwan Business Bank gave NT$150 million, while Mega International Commercial Bank and HuaNan Commercial Bank committed NT$100 million and NT$90 million respectively.
Proceeds are to refinance an existing debt facility and for capital expenditure purposes.
A NT$500 million five-year dual tranche facility for Falcon Machine Tools has been completed via mandated lead arrangers Bank of Taiwan, Chinatrust Commercial Bank, DBS Bank and E. Sun Commercial Bank.
The deal is split equally into a term loan and a revolver paying a spread of 95bp over the 90-day secondary CP rate.
Final allocations saw Bank of Taiwan holding NT$200 million, while the remaining lead arrangers took NT$100 million each.
Proceeds are to refinance an existing debt facility and for working capital purposes.
Sino-American Silicon ProductsÆ NT$2.5 billion five-year financing has been signed via bookrunners Bank of Taiwan, Cathay United Bank, Mega International Commercial Bank and Taiwan Cooperative Commercial Bank.
The margin is priced at 62.5bp over the 90-day secondary CP rate.
Final allocations saw the bookrunners contributing NT$450 million apiece, while equal-status lead arrangers Land Bank of Taiwan and Taipei Fubon Commercial Bank gave NT$350 million each.
Proceeds are for capital expenditure purposes.
Uniflex Technology and Uniflex Technology (SAMOA)'s NT$1.2 billion five-year debt has been completed by mandated lead arrangers and bookrunners Bank of Taiwan and Ta Chong Bank.
The facility comprises a NT$450 million term loan, which pays a spread of 131bp over the primary CP rate or the one-year post office savings rate, and a NT$750 million dual currency revolver priced at 146bp over the primary CP rate. There is also a $7 million revolving credit paying a spread of 166bp over Libor. The total outstanding amount of the revolvers cannot exceed NT$750 million. The commitment fee is 15bp.
Final allocations saw the leads contributing NT$415 million apiece, while co-arranger Mega International Commercial Bank lent NT$120 million. Among the other participants Taiwan Cooperative Bank gave NT$80 million, while DBS, Far Eastern International Bank, Shin Kong Commercial Bank, Standard Chartered Bank and Yuanta Bank committed NT$30 million apiece. Cathay United Bank rounded off the syndicate with a hold of NT$20 million.
Proceeds are for refinancing and working capital purposes.
Thailand
A Bt10 billion eight-year facility for IRPC was signed on January 7 via lead arrangers Bangkok Bank, Export-Import Bank of Thailand, Kasikorn Bank, Krung Thai Bank and Siam Commercial Bank.
Proceeds are to fund five expansion projects - ABS-CCM Expansion Project, ABX/SAN Expansion Project, Combined Heat and Power Project, HDPE Pipe Grade Expansion Project and Propylene Expansion Project.
Vietnam
Syndication of Vietnam National Petroleum CorpÆs $35 million five-year term loan has been closed via sole mandated lead arranger and bookrunner BNP Paribas, with Natixis joining in as an arranger.
Proceeds are for capital expenditure purposes. Signing is slated to take place in January.
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