A A$49.2 million dual tranche fundraising for BB Retail Capital Corp Consortium has been signed on a club basis via mandated lead arrangers ANZ and Bank of Scotland (International), with each taking A$24.6 million.
The deal is split equally into an amortising facility and a bullet portion.
Grain Pool of Western AustraliaÆs A$700 million dual tranche bullet facility has been inked via sole lead arranger ANZ.
The loan comprises a A$300 million three-year bullet and a A$400 million one-year revolver.
Allocations saw ANZ providing A$252 million while lenders Commonwealth Bank of Australia committed A$112 million. Joining as lenders with holds of A$84 million each were BNP Paribas, Rabobank (Australia), Societe Generale (Australia) and Westpac Banking Corp.
Lead arrangers ANZ, Commonwealth Bank of Australia and Westpac have arranged a A$430 million multi-tranche debt package on a club basis for Salmat.
The bullet loan comprises a A$200 million three-year revolver, a A$75 million one-year credit, a A$50 million three-year portion and a A$105 million subordinated debt. Final allocations saw ANZ contributing A$245 million while Commonwealth Bank of Australia took A$95 million. Westpac ended up with A$90 million.
China
Chailease International Finance Corp has mandated Mizuho Corporate Bank to arrange a Rmb300 million three-year fundraising. The loan is slated to launch into syndication next week.
Sole lead Bank of China (Beijing) has completed two separate loan agreements for China Minmetals Corp and Minmetals Yingkou Medium Plate. Both deals were inked on November 23. The two loans comprise a Rmb1.59 billion three-year credit and a Rmb4.5 billion three-year multi-tranche facility.
Final allocations for the Rmb1.59 billion fundraising saw the lead, together with lenders Agricultural Bank of China and Bank of Communications each provide Rmb530 million.
The Rmb4.5 billion debt package, on the other hand, is split equally into three portions. Allocations saw the same banks committing Rmb1.5 billion apiece. Proceeds are for general corporate purposes.
Laiwu Steel Corp and Laiwu Steel Yinshan CorpÆs $170 million dual tranche three-year financing was signed on November 26 via a syndicate of 11 banks. The facility was well-received and was upsized from $100 million.
The loan is split into a $51 million credit and a $119 million portion featuring spreads of 75bp and 85bp over Libor respectively.
Bookrunners Bank of China (Beijing) provided $30 million while HSBC, Royal Bank of Scotland and arrangers Commerzbank and Wing Hang Bank took $20 million apiece. DBS Bank and Hang Seng Bank (China) joined as arrangers holding $15 million each.
Senior managers Bank of Tokyo-Mitsubishi UFJ and Mizuho Corporate Bank contributed $10 million apiece while managers Public Bank (Hong Kong) and United Overseas Bank each lent $5 million.
Hong Kong
A $200 million five-year credit for Citic Resources was launched into general syndication on November 28 via lead arrangers Mizuho Corporate Bank and China Development Bank. The deal comprises a $150 million term loan and a $50 million portion. Both tranches pay a spread of 58bp over Libor.
Banks have been invited on a single tier. Arrangers with holds of $10 million and above receive an all-in of 62bp. The market response has been good so far and the loan amount is likely to be increased, according to a banker close to the deal. The targeted closing date is set for December 12.
Mandated lead arrangers Citi, HSBC and Standard Chartered closed Kingboard ChemicalÆs HK$4 billion dual tranche debt package on November 28.
The five year fundraising is split evenly and features a spread of 48bp over Hibor. The signing ceremony is expected to take place today (November 30).
A HK$3.5 billion dual tranche fundraising for Western Harbour has been closed via sole lead arranger Bank of China (Hong Kong). The facility comprises a HK$2.7 million six-year credit and an HK$800 million revolver. Both tranches pay a margin of 32bp over Hibor.
A total of eight banks joined the syndicate û Agricultural Bank of China, Bank of Tokyo-Mitsubishi, China Development Bank, Chong Hing Bank, Mizuho Corporate Bank, Shanghai Commercial & Savings Bank, Tai Fung Bank and Wing Lung Bank.
Allocations have yet to be finalised and the signing ceremony is slated to take place shortly.
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