APT PipelinesÆ A$2 billion dual tranche facility has been signed via a syndicate of 19 banks. The facility was oversubscribed and increased from A$1.8 billion. The deal was funded in June by mandated arrangers ANZ Investment Bank, Toronto-Dominion Bank and Westpac.
The deal is split equally into two A$1 billion revolvers with tenors of four and six years respectively.
ANZ Investment Bank, Toronto-Dominion Bank and Westpac committed A$170 million apiece while co-arrangers ABN AMRO and BNP Paribas contributed A$155 million each. Citi, Mizuho Corporate Bank and Royal Bank of Scotland each provided A$130 million. Bank of Tokyo-Mitsubishi UFJ, Commonwealth Bank of Australia and Dexia Bank, DNB Nor Bank, Royal Bank of Canada and WestLB held A$90 million apiece.
Joining in as lead managers were BayernLB, Banco Bilbao Vizcaya Argentaria, Fortis, National Australia Bank and Sumitomo Mitsui Banking Corp taking A$50 million each.
Proceeds are to refinance existing debt and for general corporate purposes.
Mandated arrangers ANZ Investment Bank, Deutsche Bank and JP Morgan have completed a A$1.8 billion one year bullet loan as a club for ING Industrial Fund.
The arrangers have taken an equal share of A$600 million each, and the facility is expected to be refinanced and syndicated upon maturity.
HVB Bank, National Australia Bank and Royal Bank of Scotland have funded a $270 million dual tranche financing for Coogee Resources.
The six year facility is split into a $220 million term portion and a $50 million credit.
The funds are to finance a $356 million project which entails the development and exploitation of oil reserves in Montara, Skua, Swift/Swollow oil fields in the Timor Sea.
The deal is slated to be launched into syndication at the end of July.
WesfarmersÆ A$10 billion syndicated loan has been underwritten by mandated arrangers ANZ Investment Bank, BNP Paribas and National Australia Bank.
The facility is considered to be the largest corporate financing to be undertaken in Australia, and will launch into general syndication once the terms have been finalised.
The funds are to support WesfarmersÆ offer to acquire Coles Group.
Hong Kong
A HK$700 million three year revolver for Citic Securities has been inked via sole mandated lead arranger HSBC which provided HK$90 million.
Bank of East Asia and Citic Ka Wah Bank committed HK$80 million apiece. Arrangers Mizuho Corporate Bank contributed HK$70 million while Bank of China held HK$50 million.
Co-arrangers Bank of China (Macau) lent HK$45 million while Dah Sing Bank, Oversea-Chinese Banking Corp and United Overseas Bank took HK$40 million apiece.
Senior managers China Construction Bank held HK$35 million while Hang Seng Bank and Industrial & Commercial Bank of China each ended up with HK$30 million.
A HK$2 billion five year term loan for COSCO-HIT (HK) Terminals has been launched into general syndication via mandated arrangers Bank of China (Hong Kong Branch), Bank of Tokyo-Mitsubishi UFJ, Hang Seng Bank and Mizuho Corporate Bank. The deal has already been funded.
The facility pays a margin of 25bp over Hibor and banks have been invited to join on three tiers. Arrangers coming in with HK$150 million and above receive 25bp, co-arrangers providing between HK$100 million and HK$140 million earn 24bp and managers contributing HK$50 million to HK$90 million gain 15bp in management fees.
Proceeds are for working capital purposes and to refinance existing debt. Commitments are due by July 28.
HKR InternationalÆs HK$2.5 billion five year revolver has been closed and allocated via a consortium of 17 banks. The deal was oversubscribed due to an enthusiastic market response and upsized from HK$2 billion.
Mandated arrangers Calyon and HSBC contributed HK$225 million each while Standard Chartered and arrangers Bank of Tokyo-Mitsubishi UFJ and China Construction Bank committed HK$200 million apiece.
Bank of Communications and DBS Bank each provided HK$175 million while Industrial & Commercial Bank of China, Shanghai Commercial Bank and Wing Lung Bank took HK$145 million each.
Co-arrangers Bank of Communications held HK$135 million while Mizuho Corporate Bank and Tai Fung Bank lent HK$125 million each.
Joining as lead managers with holds of HK$70 million apiece were Bank of East Asia, Chong Hing Bank, Maybank and Nanyang Commercial Bank.
The signing ceremony is expected to take place at the end of July.
MTR Corp has sent out RFPs for a HK$10 billion financing to fund its merger with Kowloon Canton Railway Corp.
Bank of China, Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Citi, Hang Seng Bank, HSBC and Standard Chartered are rumoured to have won the mandate.
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