Macquarie GroupÆs A$8 billion multi-tranche facility has been launched into general syndication via mandated lead arrangers ABN AMRO, ANZ, Barclays Capital, Commonwealth Bank of Australia, Dresdner Kleinwort, HSBC, JP Morgan, Merrill Lynch, National Australia Bank, Royal Bank of Scotland and Westpac. Barclays Capital, HSBC and Royal Bank of Scotland are running the books.
The loan is split into a A$1.6 billion 364 day standby facility, a A$2.4 billion revolver and a A$4 billion four year credit.
A roadshow was held in Australia on September 28, followed by roadshows in Asia this week and one to be held next week in London.
Banks are expected to revert by the end of the month.
A A$10 billion multi-tranche financing for Wesfarmers, which is the largest corporate fundraising of its type in Australia, was launched into senior syndication on September 21. ANZ, BNP Paribas and National Australia Bank are the leads and bookrunners for the facility.
The facility comprises a A$4 billion one year bridge loan, a A$1 billion one year revolver and a A$5 billion five year bullet loan.
Banks have until the end of October to revert. Proceeds are to support the acquisition of Coles Group.
China
Shanghai Huazhe Bund HouseÆs RMB850 million financing has been completed via sole mandated arranger Standard Chartered which held RMB300 million.
Arrangers China Merchants Bank committed RMB210 million while Oversea-Chinese Banking Corp and United Overseas Bank ended up with RMB170 million each.
The loan features a tenor of 3.25 years. Greentown Real Estate Group and Greentown China Holdings are the guarantors.
Proceeds are to support the development of property projects in Shanghai.
Hong Kong
Airport AuthorityÆs HK$6 billion three year revolving credit facility was signed on September 28 via a consortium of 14 banks.
Allocations saw mandated lead arrangers, Banco Bilbao Vizcaya Argentaria, Bank of China, Bank of Tokyo-Mitsubishi UFJ, Commonwealth Bank of Australia, Citi, Hang Seng Bank, HSBC, Mizuho Corporate Bank, Standard Chartered, Sumitomo-Mitsui Banking Corp and Tai Fung Bank each committing HK$501 million. Arrangers Banca Monte Dei Paschi Di Siena, Calyon and DBS Bank joined the facility with holds of HK$163 million apiece.
The loan features a spread of 10bp over Hibor. The Airport Management of Hong Kong is acting as a guarantor.
Hopewell Holdings SPV, HH FinanceÆs HK$7 billion seven year revolver was completed on September 28 via a group of 13 mandated arrangers û Agricultural Bank of China, Bank of China (Hong Kong) Bank of Communications, BNP Paribas, Calyon, China Construction Bank, China Merchants Bank, Citi, DBS Bank, ICBC Asia, Mizuho Corporate Bank, Nanyang Commercial Bank and Sumitomo Mitsui Banking Corp. The facility was oversubscribed and upsized from HK$6.5 billion due to an enthusiastic market response.
The loan pays a spread of 32bp over Hibor. Hopewell Holdings is acting as the guarantor.
Final allocations saw all 13 mandated arrangers holding HK$456 million apiece. Coming in as lead managers were Bank of Tokyo-Mitsubishi UFJ, Chong Hing Bank, Oversea-Chinese Banking Corp and Tai Fung Bank contributing HK$200 million each. Co-lead managers Bank of East Asia and Wing Lung Bank provided HK$100 million apiece with Bank of China (Macau) lending HK$72 million.
Proceeds are to refinance a HK$5.35 billion loan signed in June 2006 and for general corporate purposes.
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