Corporate Express AustraliaÆs A$200 million dual-tranche revolving credit has been signed as a club via lead arrangers Commonwealth Bank of Australia and National Australia Bank.
The fundraising is split into a A$50 million and A$150 million revolving credit.
Proceeds are for general corporate purposes.
A A$335 million five year credit for Energy Partnership (Gas) was signed via sole mandated arranger Citi on June 20.
Citi and five other banks that joined in as participants all contributed an equal amount of A$55.83 million each. The banks were BNP Paribas, Bank of Tokyo-Mitsubishi UFJ, Royal Bank of Scotland, Toronto-Dominion and Westpac.
Proceeds are for acquisition purposes.
IntergenÆs A$300 million term loan has been signed on a club basis via mandated leads BNP Paribas, BOS International (Australia), Fortis Bank, KBC Finance, Mizuho Corporate Bank and National Australia Bank.
The facility is split equally into two A$150 million term loans, both with 12 year tenors.
Final allocations saw BNP Paribas providing A$66 million with BOS International (Australia) and Mizuho Corporate Bank contributing A$60 million apiece. Coming in with A$54 million was KBC Finance while Fortis Bank and National Australia Bank held A$30 million each.
Proceeds are to refinance a A$610 million bridge facility signed on 15 December 2000.
Sole mandated arranger ANZ Investment Bank has lead arranged a $529 million dual currency loan for Oxiana Finance.
The multi tranche deal comprises a $220 million five year loan, a $200 million five year revolver, an $80 million one year bullet tranche and a A$25 million five year letter of credit.
The dollar denominated tranches saw ANZ Investment Bank and arrangers BNP Paribas, Commonwealth Bank of Australia and HVB Australia committing $70 million apiece while Bank of Scotland International (Australia), China Construction Bank, National Bank of Australia and Royal Bank of Scotland provided $55 million each.
In the Australian dollar denominated portion, ANZ Investment, BNP Paribas, Commonwealth Bank of Australia and HVB Australia took A$3.5 million apiece. Bank of Scotland International (Australia), China Construction Bank, National Australia Bank and Royal Bank of Scotland each contributed A$2.75 million.
Proceeds are to refinance the acquisition finance of Golden Grove Mine and for the development of the Prominent Hill Copper project in South Australia.
A A$230 million one year dual tranche financing for Stella has been signed as a club via National Bank of Australia and St George Bank.
The deal is split into a A$200 million term portion and a $30 million revolving credit with National Bank of Australia providing A$130 million and St George taking A$100 million.
Valley Longwall International GroupÆs A$187 million multi tranche financing has been completed on a club basis via National Bank of Australia and Bank of Scotland International (Australia) with each contributing A$93.5 million.
The six year facility is split into a A$45 million term loan, a A$67 million credit, two A$20 million revolvers and a A$35 million term portion.
The funds are to support the Catalyst Investment Manager-led leveraged buyout of Valley Longwall International Group.
Syndication has been completed for Westfield GroupÆs $4.685 billion multi-tranche fundraising which was oversubscribed due to an enthusiastic market response, and thus, upsized from $4 billion.
The deal comprises a $1.65 billion three year revolving credit facility, a $2.475 billion revolver and a $560 million term loan.
The facility saw ANZ Investment Bank, Bank of Nova Scotia, Barclays Capital, BNP Paribas, Citi, ING Bank, and National Australia Bank joining at the top, with each holding $225 million.
Joining as co-arrangers were ABN AMRO, Commonwealth Bank of Australia, Credit Suisse, Deutsche Bank, JP Morgan, Lloyds TSB, Merrrill Lynch, Morgan Stanley, Societe Generale, Sumitomo Mitsui Banking Corp, Royal Bank of Scotland, Toronto Dominion Bank, Wachovia Bank and Westpac, with $150 million tickets apiece.
Coming in as lead managers were Bank of America, BayernLB, HSBC, LBBW Bank, Oversea-Chinese Banking Corp each provided $100 million while Nanyang Commercial Bank committed $80 million.
Senior managers Bank of Tokyo-Mitsubishi UFJ, Mizuho Bank, Norinchukin Bank and WestLB contributed $75 million each.
Lenders Calyon took $50 million and Bank of China (Macau) held $30 million. Mega International Commercial Bank and Chang Hwa Commercial Bank ended up with $25 million each.
Proceeds are to refinance an existing deal signed in December 2004.
China
Texhong Textile GroupÆs $80 million dual-tranche facility has been signed via mandated lead arrangers ABN AMRO, Citi, CITIC Ka Wah Bank and Oversea-Chinese Banking Corp (Hong Kong Branch). Original leads ABN AMRO and Citi are the bookrunners.
The financing was upsized from $65 million and the facility is split into a $55.375 million term loan and a $24.625 million revolving credit. Both have tenors of three years and margins of 135bp over Libor.
Final allocations saw the mandated lead arrangers Oversea-Chinese Banking Corp (Hong Kong Branch) commit $9 million with ABN AMRO, Citi and CITIC Ka Wah Bank contributing $7 million apiece. Arrangers China Construction Bank (Hong Kong Branch) provided $9 million with Korea Exchange Bank (Hong Kong Branch) and State Bank of India (Hong Kong Branch) holding $7 million each. Commerzbank (Hong Kong Branch) took $6 million.
Coming in as senior managers were ICBC (Asia), Ping An Bank (Fuzhou Branch) and Public Bank (Shenzhen Branch) giving $5 million apiece. Industrial and Commercial International Capital and Bank Mandiri (Persero) (Hong Kong Branch) ended up with $4 million and $2 million respectively.
Proceeds are to refinance an existing debt facility.
Hong Kong
A $200 million three year fundraising has been completed for Agile Property Holdings via sole mandated arranger HSBC. The facility was heavily oversubscribed and was upsized from $100 million.
The loan features a spread of 150bp over Libor and can be funded in both US dollars or Hong Kong dollars.
Mandated arrangers HSBC committed $23 million while arrangers Bank of China and Bank of East Asia held $20 million each. Bank of Communications, China Construction Bank, Fubon Bank, Industrial and Commercial Bank of China (Asia) , United Overseas Bank and Wing Hang Bank provided $15 million apiece.
Co-arrangers Dah Sing Bank and Tai Fung Bank contributed $10 million each while senior managers China Construction Bank lent $8 million. Nanyang Commercial Bank, Public Bank each took $5 million while Hua Nan Commercial Bank and Industrial & Commercial International Capital ended up with $4.5 million apiece.
A HK$600 million three year financing for Pacific Textiles is slated to sign today (June 29) via sole mandated lead arranger Citi.
The facility features a spread of 49bp over Hibor with an average life of 1.91 years.
Citi and coordinating arrangers Agricultural Bank of China, Bank of Communications, Bank of East Asia, Bank of Tokyo-Mitsubishi UFJ, Banco Bilbao Vizcaya Argentaria, BNP Paribas, China Construction Bank, DBS Bank, Hang Seng Bank, ICBC (Asia), Mizuho Corporate Bank, Nanyang Commercial Bank, Scotiabank (Hong Kong) and Sumitomo Mitsui Banking Corp committed HK$35.5 million apiece.
Arrangers Bank of China and First Commercial Bank held HK$25 million each with Hua Nan Commercial Bank taking HK$17.5 million as senior manager.
Proceeds are for general corporate purposes.
A HK$1.2 billion dual-tranche fundraiser for Peace Mark (Holdings) has now been signed after receiving an overwhelming response from the market. The deal was upsized from HK$900 million
Joining original mandated arrangers and bookrunners ABN AMRO and ING Bank as equal status arrangers were Agricultural Bank of China (Hong Kong Branch), Banco Bilbao Vizcaya Argentaria (Hong Kong Branch), Bank of Tokyo-Mitsubishi UFJ, Commonwealth Bank of Australia, Fortis Bank (Guangzhou Branch), Nanyang Commercial Bank and United Overseas Bank.
The financing is split into a HK$960 million term loan and a HK$240 million revolver, both with tenors of four years and an average life of 3.2 years.
Final allocations saw the mandated arrangers providing HK$70 million apiece with the exception of Agricultural Bank of China (Hong Kong Branch) and Banco Bilbao Vizcaya Argentaria (Hong Kong Branch) which held HK$60 million each.
Coming in as lead arrangers, all contributing HK$45 million apiece were Arab Bank (Singapore Branch), Bank of China (Macau Branch), Bank of Nova Scotia, BNP Paribas, First Commercial Bank, Nordea Bank and Taiwan Business Bank.
Senior managers Bank of Taiwan, Fubon Bank (Hong Kong Branch), Maybank, Public Bank and Taiwan Cooperative Bank (Offshore Banking) committed HK$30 million each. DBS Bank (Hong Kong Branch), Mizuho Bank, Shanghai Commercial Bank, Shanghai Commercial & Savings Bank and Wing Hang Bank held HK$25 million apiece.
Proceeds are to partially refinance an existing HK$630 million facility signed in April 2005 and for general corporate purposes.
India
Signing for Glenmark PharmaceuticalsÆ $100 million five year financing took place on June 18 via mandated arrangers Citi, Bank of Taiwan and State Bank of India, with each lending $15.5 million.
Lead managers Bank of Baroda, Canara Bank and Emirates Bank International took $10 million apiece while Chang Hwa Commercial Bank, Hua Nan Commercial Bank and United Overseas Bank held $5 million each. Bank of Tokyo Mitsubishi UFJ, E Sun Commercial Bank and Jih Sun International Bank each lent $3 million.
The funds are to support general corporate purposes.
Indonesia
Charoen PokphandÆs $125 million multi-tranche fundraising has been signed via mandated leads Bank Central Asia, Citi, DBS Bank and Rabobank.
The loan was upsized from $100 million and is split into a $65 million five year amortising term loan æAÆ with an average life of 3.1 years, a $40 million three year bullet term loan æBÆ and a $20 million three year revolver.
The deal features the option to lend in US dollars, Yen or Indonesia rupiah. Pricing is at 290bp over dollar Libor or yen Libor. For rupiah, the margin is at 300bp over the Indonesia SBI benchmark.
Coming in as arrangers were Bank Lippo, Bank Mandiri (Persero), Bank Rakyat Indonesia and ING Bank with Bank Mizuho as co-arranger.
Lead managers Bank Resona Perdania and DZ Bank rounded up the syndicate of banks.
Proceeds of term loan æAÆ are to refinance existing debt with the outstanding amount for general corporate purposes.
A $125 million three year term loan for Schlumberger Geophysics Nusantara and Dowell Anadrill Schlumberger was signed via sole mandated arranger and bookrunner Citi last Friday.
Joining as participants were BNP Paribas and Standard Chartered Bank.
Proceeds are for general corporate purposes.
Singapore
Syndication is still ongoing for Mercator Lines (Singapore)Æs $175 million 10 year facility via sole mandated arranger ICICI Bank. NIBC has joined the facility with a commitment of $30 million with three to four other banks still processing to get approvals to commit the same amount.
The deal carries a spread of 95bp over Libor and has an average life of six years.
Banks are expected to revert by mid July. Proceeds are to finance the acquisition of three bulk carriers.
MGP RaffleÆs S$748 million dual-tranche facility has been signed via sole bookrunner Oversea-Chinese Banking Corp.
The three year credit is split into a S$650 million senior tranche and a S$98 million junior portion, which was not syndicated.
Senior syndication saw seven banks joining as lead arrangers. Oversea-Chinese Banking Corp contributed S$150 million with Oversea Assurance Corp providing S$100 million. United Overseas Bank and Maybank (Singapore Branch) held S$95 million and S$90 million correspondingly. Societe Generale and Bank of Nova Scotia took S$75 million and S$55 million respectively, with BNP Paribas and Sumitomo Mitsui Banking Corp each holding S$45 million and S$40 million
Proceeds are to support the acquisition of Temasek Tower from Capitaland.
Taiwan
Prodisc TechnologyÆs NT$3.4 billion three year dual tranche fundraising has been completed via sole arranger Bank of Taiwan.
The facility is split into a NT$2.975 billion term loan and a $425 million revolver.
Bank of Taiwan and arranger Mega International Commercial Bank each committed NT$500 million.
Co-arrangers Central Trust of China contributed NT$400 million while Taiwan Cooperative Bank held NT$300 million. Shanghai Commercial & Savings Bank, Ta Chong Bank, Industrial Bank of Taiwan, Hsinchu International Bank and Taiwan Business Bank took NT$200 million apiece. First Commercial Bank provided NT$150 million while Chang Hwa Commercial Bank, Far Eastern International Bank, Fuhwa Commercial Bank, Hwatai Bank and Asia Trust and Investment Corp each lent NT$100 million. Sunny Bank ended up with NT$50 million.
Masterlink Securities CorpÆs NT$2.4 billion three year revolving credit has been inked via a syndicate of six banks.
Mandated arrangers Taipei Fubon Commercial Bank, Taishin International Bank and lead manager Bank of Taiwan each committed NT$500 million.
Joining as managers were Mega International Commercial Bank, Hua Nan Commercial Bank and Taiwan Business Bank with holds of NT$300 million apiece.
Thailand
Hutchison Laemchabang TerminalÆs THB6.185 billion three year term financing has been signed on a club basis via a consortium of six banks.
Sumitomo Mitsui Banking Corp provided THB1.585 billion while Calyon, Mizuho Corporate Bank and Standard Chartered took THB1 billion each. Bank of Tokyo Mitsubishi UFJ and HSBC ended up with THB800 million apiece.
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