ANZ Investment Bank, Westpac and Toronto Dominion Bank have launched Australian Pacific TouringÆs A$1.8 billion dual-tranche facility into general syndication.
The deal is split equally into two tranches with tenors of three and five years.
Banks have been invited to join on two levels. Banks joining in with holds of A$125 million and above get the title of co-arranger and those committing between A$75 million and A$125 million will get the senior lead manager title.
The pricing for this facility, according to a banker, is in line with similar infrastructure deals in Australia.
The deadline for banks to respond is the end of June.
Bilfinger BergerÆs A$600 million three year revolver has launched into syndication via mandated arrangers and bookrunners ANZ Investment Bank and Citigroup.
Proceeds are to refinance existing debt and for general corporate purposes. Syndication is expected to close by the end of the month.
A A$1.25 billion dual-tranche revolving facility for ING Office Fund has been launched via mandated lead arrangers Citigroup, ING and Westpac.
The fundraising is split into a A$500 million three year financing and a A$750 million five year tranche.
The loan purpose is to refinance existing debt and for general corporate purposes.
Mirvac Group Funding and Mirvac Group Finance have secured a A$2.225 billion dual-tranche revolving credit via a syndicate of 13 banks.
Mandated arrangers ANZ Investment and Westpac contributed A$250 million apiece while Citigroup took A$150 million.
Co-arrangers Commonwealth Bank of Australia and ING Bank held A$300 million each. Royal Bank of Scotland provided A$175 million while BNP Paribas and JP Morgan committed A$150 million each. Oversea-Chinese Banking Corp took A$125 million while Bank of Tokyo-Mitsubishi UFJ, St George Bank and Sumitomo Banking Corp took A$100 million apiece. Calyon ended up with A$75 million.
Proceeds are to provide for general corporate requirements and to refinance an existing debt signed in June 2006.
An A$800 million multi-tranche facility for OneSteel Finance has signed as a club deal via mandated lead arrangers Citigroup and National Australia Bank.
The facility comprises a A$300 million two year loan, a A$300 million three year financing and a A$200 million four year fundraising. All tranches are term loans and are priced over the Australian Bankers Acceptances (ABA).
Proceeds are to refinance an existing debt.
Toll FinanceÆs A$3.2 billion three month bullet financing has signed via mandated arrangers ANZ Investment Bank, Citigroup and Westpac.
The bridge facility is split into a A$2.4 billion loan and an A$800 million portion with the mandated arrangers committing A$1.067 billion apiece.
Proceeds are to refinance existing debt.
Merrill Lynch Private Equity and Pacific Equity PartnersÆ A$605 million leveraged buy-out facility to support the acquisition of Veda Advantage has been launched into syndication via Merrill Lynch and UBS.
The six year facility is split into a A$430 million term loan that features a spread of 237bp over BBSW, a A$50 million portion and a A$15 million revolver with margins of 150bp and 137.5bp respectively. The deal also consists of a A$110 million mezzanine loan.
Banks have until the end of June to respond.
China
Syndication has closed and allocations finalised for China International Marine Containers (Group)Æs $200 million five year term facility via mandated arrangers Citigroup and ING Bank both of whom ended up with $30 million apiece.
Arrangers Bank of Tokyo-Mitsubishi UFJ and Nanyang Commercial Bank provided $35 million each while co-arrangers Bank of Beijing, BayernLB, Korea Development Bank, Mizuho Corporate Bank, NordLB, Sanpaolo Imi and Svenska Handelsbanken committed $10 million apiece.
The facility pays a margin of 30bp over Libor. The signing ceremony is to be held on May 25.
Syndication has closed for Export-Import Bank of ChinaÆs $500 million term financing via a syndicate of eight banks. The deal was funded on April 24.
Mandated arrangers Bank of China committed $80 million while Bank of China (Shanghai Branch) held $70 million. Bank of Montreal (Beijing Branch), Bank of Tokyo-Mitsubishi UFJ (Beijing Branch), BNP Paribas (Beijing Branch), Calyon (Beijing Branch) and Standard Chartered each took $64 million while ING Bank (Shanghai Branch) ended up with $30 million.
Sinochem CorpÆs RMB1 billion three year fundraising has been completed via sole arranger Standard Chartered which provided RMB500 million.
Lenders Bank of Tokyo-Mitsubishi UFJ and Deutsche Bank held RMB300 million and RMB200 million respectively.
The margin is 90bp over the PBOC rate. Proceeds are to refinance existing debt.
Unilever (China) has secured a $150 million one year financing via sole bookrunner HSBC. Mandated arrangers ABN AMRO, HSBC and Mizuho Corporate Bank each lent $50 million.
The deal carries a margin of 17bp over Libor. Unilever is the guarantor.
Hong Kong
An $80 million three year term loan for AMVIG Holdings was signed on May 18 via mandated arrangers ABN AMRO and Commonwealth Bank of Australia. ABN AMRO is the sole bookrunner.
Allocations have been finalised with the mandated arrangers committing $5.5 million apiece. Arrangers China Construction Bank (Hong Kong Branch) took $8.75 million with CITIC Ka Wah Bank holding $5.5 million. Contributing $4.5 million each were Bank of Taiwan (Hong Kong Branch), CIMB Bank (Hong Kong Branch), First Commercial Bank (Hong Kong Branch), Hang Seng Bank, Mizuho Corporate Bank and OCBC (Hong Kong Branch).
Coming in as senior managers were Arab Bank (Singapore Branch), ICBC (Asia) and United Overseas Bank (Chengdu Branch) providing $4.25 million apiece. Korea Development Bank (Shanghai Branch), Maybank (Hong Kong Branch) and Public Bank (Hong Kong Branch) each held $3 million.
Proceeds are for working capital purposes.
A HK$2.1 billion five year term loan for Beijing Enterprises Holdings has been launched into syndication via mandated arrangers Bank of China, BNP Paribas, Calyon, DBS Bank, Mizuho Corporate Bank and Rabobank.
Banks have been invited on two tiers. Arrangers joining with commitments of HK$150 million or more get a management fee of 32bp. Lead managers holding between HK$75 million and HK$150 million receive 30bp.
The facility features a spread of 28.5bp over Hibor. Banks are expected to revert by June 8.
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