China
Shanghai General Motors has secured a Rmb18 billion credit facility through joint bookrunners and mandated lead arrangers Industrial & Commercial Bank of China and SAIC Finance.
The financing is divided into a Rmb9 billion five-year portion and a Rmb9 billion seven-year and six-month credit.
Syndication saw Bank of China, Bank of Communications and China Construction Bank join as arrangers while Agricultural Bank of China, Bank of Nanjing, Bank of Shanghai, China CITIC Bank, China Everbright Bank, China Merchants Bank, China Minsheng Banking, Ping An Bank and Shanghai Pudong Development Bank came in as lenders.
Proceeds are for working capital purposes.
Hong Kong
Shui On Centre has signed a HK$3.4 billion term loan through joint mandated lead arrangers BNP Paribas, Bank of China, Bank of East Asia, Chong Hing Bank, DBS, Hang Seng Bank, Industrial & Commercial Bank of China, Public Bank, Standard Chartered Bank and Taipei Fubon Commercial Bank on a club basis.
Proceeds are to repay existing debt and for working capital purposes.
China Gas Holdings has completed a $300 million transaction through joint bookrunners and mandated lead arrangers IFC and RBS.
The loan consists of a $86 million seven-year term loan, a $150 million five-year portion and a $64 million seven-year credit.
Syndication saw BPI Capital, Bank of Baroda, Bank of Tokyo-Mitsubishi UFJ, Commonwealth Bank of Australia, First Gulf Bank, Hana Bank, Intesa Sanpaolo, Kookmin Bank, KDB, State Bank of India and SMBC join in as mandated lead arrangers while BNP Paribas, Shinhan Bank and Woori bank come in as lead arrangers. Aozora Bank and BOT Lease concluded the syndicate as arrangers.
Proceeds are for working capital purposes.
Greenland Hong Kong Investment Group has sealed a $330 million three-year term loan through sole bookrunner and mandated lead arranger Deutsche Bank.
The guarantor is China Export and Credit Insurance Corporation.
Final allocations saw the lead and Credit Suisse provide $100 million each while Wing Lung Bank gave $60 million. Bank of East Asia and CTBC Bank lent $45 million and $25 million respectively.
Proceeds are for capital expenditure purposes.
Taiwan
Golden Jade Construction & Development has arranged a NT$3.8 billion four-year term loan through sole bookrunner and mandated lead arranger Taiwan Cooperative Bank.
The fundraising is split into a NT$1.4billion tranche and a NT$2.4 billion facility.
Syndication saw Agricultural Bank of Taiwan, Bank Sinopac, Cota Commercial Bank, DBS, Ta Chong Bank, Taipei Fubon Commercial Bank, Taiwan Business Bank and Yuanta Commercial Bank join in as participants.
Proceeds are to repay existing indebtedness and for development purposes.
Ruentex Development has obtained a NT$1.4 billion three-year debt package through joint bookrunners and mandated lead arrangers Mega Bills Finance and Mizuho Bank.
The financing comprises of a NT$300 million guarantee facility and a NT$1.1 billion commercial paper facility.
Final allocations saw Mega Bills Finance contribute NT$350 million while Mizuho Bank and International Bills Finance both provided NT$300 million. Taiwan Finance held NT$200 million while Taching Bills Finance gave NT$150 million. Dah Chung Bills Finance concluded the syndicate with NT$100 million.
Proceeds are for general corporate purposes.
