IFR Magazine – June 08, 2019

(Nancy Kaufman) #1
LOANS ASIA-PACIFIC

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 ûORûMID
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#'.0#ûISûRATEDû!!¦!


LINGYI ITECH TAPS FOR SALCOMP BUY

LINGYI ITECH GUANGDONG is raising around
õMûTOûBACKûITSûPLANNEDûACQUISITIONûOFû
&INNISHûELECTRONICûPRODUCTSûMAKERû3ALCOMP
China Merchants Bank ISûTHEûLENDERûONûTHEû
BILATERALûLOAN ûWHILEû,INGYIûI4ECHûISû
PROVIDINGûAûGUARANTEE
4HEû3HENZHEN
LISTEDûMAGNETICûMATERIALSû
manufacturer announced on Tuesday that
ITSûUNITû(ONGû+ONGû$IJINGû0HOTOVOLTAICû
4ECHNOLOGYûHADûSIGNEDûANûAGREEMENTûTOû
PURCHASEûûOFûTHEûSHARESûOFû3ALCOMPûFORû
ABOUTû2MBMû53M û,INGYIûI4ECHûALSOû
AGREEDûTOûREPAYû3ALCOMPSûBANKûDEBT
4HEûACQUISITIONûISûSUBJECTûTOûREGULATORYû
APPROVALSûANDûISûEXPECTEDûTOûBEûCOMPLETEDû
BEFOREûTHEûENDûOFûTHEûYEAR
&OUNDEDûINû û3ALCOMPûMAKESû
CHARGERSûANDûADAPTERSûFORûELECTRONICû
PRODUCTSûINCLUDINGûSMARTPHONES ûTABLETû
COMPUTERSûANDûHOUSEHOLDûDEVICESû)TûHASû
PLANTSûINû#HINA û"RAZILûANDû)NDIA
,INGYIûI4ECH ûWITHûSALESûOFûMOREûTHANû
53BNûINû ûHASûPLANTSûINûOVERûûCITIESû
INû#HINAûANDûEMPLOYSûMOREûTHANû û
PEOPLE


BOCOM LEASING DRAWS 10

BOCOM LEASING MANAGEMENT HONG KONG, a unit of
"ANKûOFû#OMMUNICATIONSû&INANCIALû,EASING û
HASûCLOSEDûSYNDICATIONûOFûAû53Mû'REENû
LOANûWITHûûBANKSûJOININGûINûGENERALû
SYNDICATION


Mizuho Bank WASûTHEûSOLEûMANDATEDûLEADû
ARRANGERûANDûBOOKRUNNERûOFûTHEûlNANCING
-ANDATEDûLEADûARRANGERSûAREûCathay United
Bank, China Construction Bank (Asia), Korea
Development Bank, KDB Asia, OCBC Wing Hang
Bank, Shanghai Pudong Development Bank and
KGI Bankû,EADûARRANGERûISûBank of Yokohama,
WHILEûARRANGERûISûShin Kong Commercial Bankû
-ANAGERSûARE Bank Negara and Industrial Bank
of Korea
"O#OMû&INANCIALû,EASINGûISûPROVIDINGûAû
KEEPWELLûAGREEMENT
4OP
LEVELûALL
INûPRICINGûWASûBPûBASEDû
ONûANûINTERESTûMARGINûOFûBPûOVERû,IBORûnû
TIGHTERûTHANûAû53MûTHREE
YEARûONSHOREû
LOANûFORûTHEûPARENTûCOMPANY ûWHICHûOFFEREDû
AûTOP
LEVELûALL
INûPRICINGûOFûBPûBASEDûONûAû
MARGINûOFûBPûOVERû,IBORûANDûAûREMAININGû
AVERAGEûLIFEûOFûûYEARS
&UNDSûFROMû"O#OMû,EASINGû
-ANAGEMENTSûLOANûWILLûBEûUSEDûINû
ACCORDANCEûWITHûITSû'REENû&INANCEû
&RAMEWORK
"O#OMû,EASINGû-ANAGEMENTûISûRATEDû!n!û
30&ITCH ûWHILEû"O#OMû&INANCIALû,EASINGû
ISûRATEDû!!¦!û-OODYS30&ITCH 

ZHAOHENG HYDRO BACK FOR US$130m

ZHAOHENG HYDROPOWER HOLDINGS is returning to
THEûLOANûMARKETSûAFTERûMOREûTHANûTWOûYEARSû
FORûAû53MûTHREE
YEARûLOAN
BNP Paribas ISûTHEûMANDATEDûLEADûARRANGERû
ANDûBOOKRUNNERûOFûTHEûTRANSACTION ûWHILEû
Cinda International Asset Management is the
COORDINATORûOFûTHEûFACILITY
4HEûLOANûPAYSûANûINTERESTûMARGINûOFûBPû
OVERû,IBORûANDûHASûANûAVERAGEûLIFEûOFûû
YEARS
-,!SûCOMMITTINGû53MûORûMOREûWILLû
RECEIVEûTOP
LEVELûALL
INûPRICINGûOFûBPû
BASEDûONûAûPARTICIPATIONûFEEûOFûBP ûWHILEû
LEADûARRANGERSûJOININGûWITHû53MnMû
EARNûALL
INûPRICINGûOFûBPûTHROUGHûAûFEEû
OFûBP
&UNDSûAREûFORûGENERALûCORPORATEûPURPOSES û
INCLUDINGûRElNANCINGûANDûWORKINGûCAPITAL
4HEûBORROWERSûLASTûVISITûTOûTHEûLOANû
MARKETSûWASûINû!PRILûûFORûAû53Mû
THREE
YEARûFACILITYûWITHû-ORGANû3TANLEYûASû
THEûCOORDINATORû4HATûDEALûPAIDûANûINTERESTû
MARGINûOFûBPûOVERû,IBORûANDûAûTOP
LEVELû
UPFRONTûFEEûOFûBP

FOSUN CLOSES US$400m LOAN

FOSUN INDUSTRIALûHASûCLOSEDûAûTHREE
YEARûTERMû
LOANûATû53MûWITHûSIXûBANKSûJOININGûINû
SENIORûSYNDICATION
ANZ, First Abu Dhabi Bank, HSBC and Westpac
Banking Corp WEREûTHEûMANDATEDûLEADû
ARRANGERS ûUNDERWRITERSûANDûBOOKRUNNERSûOFû
THEûBULLETûFACILITY ûWHICHûOFFEREDûALL
INû
PRICINGûOFûBPûBASEDûONûANûINTERESTû
MARGINûOFûBPûOVERû,IBOR

China Development Bank, Bank of East Asia,
Postal Savings Bank of China, Shanghai Pudong
Development Bank, Cathay United Bank and
China CITIC BankûAREûTHEûOTHERûLENDERS
0ROCEEDSûAREûFORûGENERALûCORPORATEû
PURPOSES ûINCLUDINGûBUTûNOTûLIMITEDûTOû
RElNANCING
&OSUNû)NDUSTRIALûISûAûUNITûOFû(ONGû+ONG
LISTEDûCONGLOMERATEû&OSUNû)NTERNATIONALû
3HANGHAIû&OSUNû0HARMACEUTICALû'ROUP û
ANOTHERûUNITûOFû&OSUNû)NTERNATIONAL ûISûTHEû
GUARANTOR
)Nû-ARCH ûPARENTû&OSUNû)NTERNATIONALû
SIGNEDûAû53M
EQUIVALENTûTHREE
YEARû
LOANûWITHûEIGHTûBANKSû4HATûDEAL ûSPLITûINTOûAû
53MûTRANCHEû!ûANDûAûõMû53M û
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LEVELûALL
INûPRICINGûOFû
BPûANDûBPûBASEDûONûMARGINSûOFûBPû
OVERû,IBORûANDûBPûOVERû%URIBORû
RESPECTIVELY

CMB LEASING CLOSES SHIP FINANCING

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FULLYûOWNEDûUNITûOFû#-"û&INANCIALû,EASING û
HASûCLOSEDûITSû53MûEIGHT
YEARûSHIPû
lNANCING
CTBC Bank WASûTHEûSOLEûMANDATEDûLEADû
ARRANGERûANDûBOOKRUNNERûOFûTHEûTRANSACTION û
WHILEûCathay United Bank, Chang Hwa
Commercial Bank and KGI Bank JOINEDûASû-,!S
Lead arrangers are Taiwan Cooperative Bank,
Shanghai Commercial & Savings Bank and Shin
Kong Commercial Bank
#-"û)NTERNATIONALû,EASINGû-ANAGEMENTû
ISûTHEûGUARANTOR ûWHILEûTHEûBORROWERSûAREûSIXû
OFûTHEûGUARANTORSûSPECIAL
PURPOSEûVEHICLESûnû
SEA 34 LEASING, SEA 35 LEASING, SEA 53 LEASING, SEA
57 LEASING, SEA 84 LEASING and SEA 85 LEASINGûnû
EACHûHOLDINGûAûSHIPû4HEûSIXûSHIPSûSERVEûASû
SECURITY
&UNDSûAREûFORûRElNANCINGûPURPOSES
)Nû.OVEMBERûLASTûYEAR û#-"û)NTERNATIONALû
,EASINGû-ANAGEMENTûOBTAINEDûAû53Mû
THREE
YEARûLOANû4HATûFACILITYûHASûAûMARGINûOFû
BPûOVERû,IBORûANDûLENDERSûWEREûOFFEREDû
TOP
LEVELûALL
INûPRICINGûOFûBPû
#-"û)NTERNATIONALû,EASINGû-ANAGEMENTû
ISûRATEDû""" û30 

CHEMCHINA LAUNCHES REFI

3TATE
OWNEDûCHINA NATIONAL CHEMICAL CORP
#HEM#HINA ûHASûLAUNCHEDûAûõMûTWO
TRANCHEûRElNANCING
Banco Santander, China Construction Bank
(Asia) and NatixisûAREûTHEûMANDATEDûLEADû
ARRANGERSûANDûBOOKRUNNERSûOFûTHEûlNANCING
4HEûBULLETûLOANûISûSPLITûINTOûAûõMûONE
YEARû4RANCHEû!ûANDûAûõMûTHREE
YEARû
4RANCHEû" ûWHICHûHASûAûTWO
YEARûEXTENSIONû
OPTION
4HEûINTERESTûMARGINSûAREûBPûANDûBPû
OVERû%URIBOR ûRESPECTIVELY ûFORû4RANCHESû!û
ANDû"
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