China
Bank of China (Australia) has been mandated by Yanzhou Coal Mining Mandated as lead arranger and bookrunner for a Rmb20 billion equivalent five-year credit facility, but it has yet to be decided whether the financing will be syndicated.
The deal will be drawn down in either Australian or US dollars. Proceeds are to fund a A$3.3 billion bid for Felix Resources by the borrower's subsidiary at a price of A$16.95 per share.
Hong Kong
China Resources Cement Holdings' HK$1.2 billion facility has been heavily oversubscribed and upsized from the initial HK$800 million sought, via sole mandated lead arranger and bookrunner Mizuho Corporate Bank.
The term loan features a tenor of three years and banks were allowed to commit in Hong Kong dollars or US dollars. There are a total of 10 lenders in the transaction, including the lead, but the full syndicate has yet to be disclosed.
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