IFR International - 21.07.2018

LOANS EMEA

PRICINGûOFûBPûANDûTHEûLEADûARRANGERûTITLEû
VIAûAûFEEûOFûBPûFORûTICKETSûOFû53Mn
MûORûANûALL
INûOFûBPûANDûTHEûARRANGERû
TITLEûVIAûAûBPûFEEûFORû53MnM
&UNDSûAREûFORûRElNANCINGûANDûGENERALû
CORPORATEûPURPOSESû4HEûBORROWERûISû
3INGAPORE
BASEDûTRAFIGURA GROUP
4HEû53BN
EQUIVALENTûLOANûTHATû
4RAlGURAûCLOSEDûLASTû/CTOBERûCOMPRISEDûAû
53BNû
DAYû53ûDOLLARûREVOLVERû
4RANCHEû! ûAû53M
EQUIVALENTûONE
YEARû
RENMINBIûTERMûLOANû4RANCHEû" ûANDûAû
53MûTHREE
YEARû53ûDOLLARûTERMûLOANû
4RANCHEû# û4RANCHESû!ûANDû#ûOFFEREDûTOP
LEVELûALL
INûPRICINGûOFûBPûANDûBPûBASEDû
ONûRESPECTIVEûMARGINSûOFûBPûANDûBPû
OVERû,IBORû4RANCHEû"ûPAIDûTOP
LEVELûALL
INû
PRICINGûOFûBPûBASEDûONûAûMARGINûOFûBPû
OVERû#.(û(IBORû
4HEûLATESTûLOANûISû4RAlGURASûTHIRDûVISITûTOû
THEûLOANûMARKETûTHISûYEARûINCLUDINGûAû
53BNûBORROWINGûINû-ARCHûTHATû
RElNANCEDûITSû%UROPEANûREVOLVINGûCREDITû
FACILITIESûANDûAûcBNû53M ûTHREE
YEARû3AMURAIûLOAN

VITOL COMPLETES US$1.855bn RCF

%NERGYûTRADERûVITOLûHASûOBTAINEDûAû
53BNû
DAYûREVOLVINGûCREDITû
INCREASINGûITûFROMûTHEû53BNûTARGETûSIZE
OCBC Bank ISûTHEûFACILITYûAGENTûOFûTHEûSELF
ARRANGEDûDEALûWHILEûDBS BankûISûTHEû
DOCUMENTATIONûAGENT
4HEûLOANûWHICHûATTRACTEDûûLENDERSûINû
TOTALûPAYSûTOP
LEVELûALL
INûPRICINGûOFûBPû
BASEDûONûANûINTERESTûMARGINûOFûBPûOVERû
,IBOR
ANZûDBSûHSBCûMUFGûNational Australia
BankûOCBC BankûSMBCûUnited Overseas Bank
and Westpac Banking CorpûJOINEDûTHEûDEALûASû
MANDATEDûLEADûARRANGERSûANDûBOOKRUNNERS
Agricultural Bank of ChinaûBank of China and
First Abu Dhabi BankûPARTICIPATEDûASû-,!Sû
while KBC BankûMaybank and ScotiabankûCAMEû
INûASûLEADûARRANGERS
Arab BankûICBCûLand Bank of Taiwan and
Union de Banques Arabes et FrancaisesûJOINEDûASû
ARRANGERS
6ITOLû!SIAûANDû6ITOLû&INANCEûAREûTHEû
BORROWERSûOFûTHEûlNANCINGûWHICHûISû
GUARANTEEDûBYû6ITOLû(OLDINGûANDû6ITOLû!SIA
)Nû*UNEûû6ITOLûRAISEDûAû53BNû
ONE
YEARûREVOLVERûWITHûûLENDERSûJOININGû
INûSYNDICATIONû4HEûALL
INûPRICINGûANDû
MARGINûWEREûSIMILARûTOûTHOSEûONûTHEûLATESTû
lNANCING

JADESTONE NETS US$120m RBL FACILITY

!SIAû0ACIlC
FOCUSEDûOILûANDûGASûCOMPANYû
JADESTONE ENERGYûISûBACKINGûITSû53Mû
ACQUISITIONûOFûTHEû-ONTARAû/ILû0ROJECTû
OFFSHOREû!USTRALIAûWITHûAû53MûTHREE
YEARûRESERVE
BASEDûLENDINGûFACILITY

4HEûLOANûWHICHûHASûBEENûUNDERWRITTENû

BYûCommonwealth Bank of Australia and Societe

GeneraleûPAYSûBPûOVERû,IBOR

4HEûACQUISITIONûWILLûALSOûBEûBACKEDûBYûAû

PLANNEDûPLACINGûOFûSHARESûONû,ONDONSû!)-û

MARKETûTOûRAISEûABOUTû53M

4HEûCOMPANYûSAIDûTHATûTHEûDEBTûTOûEQUITYû

RATIOûOFûTHEûACQUISITIONûnûAROUNDûûDEBTûTOû

ûEQUITYûnûWASûPRUDENTûEVENûDURINGûAû

PERIODûOFûLOWûOILûPRICES

3INGAPORE

HEADQUARTEREDû*ADESTONEûHASû

ITSûPRINCIPALûTECHNICALûTEAMûINû+UALAû,UMPURû

ANDûCOUNTRYûOPERATIONûOFlCESûINû0ERTHû

*AKARTAûANDû(Oû#HIû-INHû#ITY

SOUTH KOREA

SHINHAN SIGNS US$300m FACILITY

SHINHAN BANKûHASûSIGNEDûAû53MûLOANû

AFTERûATTRACTINGûSIXûBANKSûINûGENERALû

SYNDICATION

MUFGûWASûTHEûMANDATEDûLEADûARRANGERû

ANDûBOOKRUNNERûOFûTHEûTRANSACTIONûWHICHû

HASûONEûTHREEûANDûlVE

YEARûMATURITIES

!RRANGERSûAREûBank of TaiwanûBayernLBû

Hua Nan Commercial BankûShanghai Commercial

& Savings BankûAfrAsia Bank and First Abu

Dhabi Bank

4HEûINTERESTûMARGINSûAREûBPûBPûANDû

BPûOVERû,IBORûFORûTHEûONEûTHREEûANDûlVE

YEARûPIECESûRESPECTIVELY

,ENDERSûWEREûOFFEREDûTOP

LEVELûALL

INû

PRICINGûOFûBPûBPûANDûBPûVIAû

PARTICIPATIONûFEESûOFûBPûBPûANDûBPû

RESPECTIVELYûFORûTHEûONEûTHREEûANDûlVE

YEARû

TRANCHES

4HEûFUNDSûAREûFORûRElNANCINGûANDûGENERALû

CORPORATEûPURPOSES

VIETNAM

FLC DRAWS DOWN ON US$200m LOAN

2EALûESTATEûCOMPANYûFLC GROUP has drawn

DOWNûAûSMALLûPORTIONûOFûAû53MûDEBUTû

OFFSHOREûLOANûTHATûGIVESûITûFUNDINGûmEXIBILITYû

THEûPRIVATELY

OWNEDûBORROWERûSAID

3OLEûARRANGERûCredit Suisse HASûPROVIDEDû

THEûINITIALû53MûAMOUNTûWHICHûCARRIESûAû



YEARûTENORû4HEû3WISSûBANKûWILLûNOTû

INCREASEûITSûEXPOSUREûBEYONDûTHATûAMOUNT

4HEûREMAINDERûOFûTHEûFACILITYûSIGNEDûONû

*UNEûûISûAVAILABLEûFORûDRAWDOWNûINûTENORSû

RANGINGûFROMûûYEARSûTOûlVEûYEARSûSUBJECTû

TOûTHEûBORROWERSûCAPITALûREQUIREMENTSû)Tû

WILLûALSOûDEPENDûONûTHEûABILITYûOFûOTHERû

LENDERSûTOûPROVIDEûlNANCINGûATûTHEûTIMEûTHEû

COMPANYûSEEKSûADDITIONALûDRAWDOWNSûANDû

INûTHEûTENORSûOFûITSûCHOICE

h4HISûTRANSACTIONûISûPARTûOFûOURûEFFORTSûTOû

PENETRATEûTHEûINTERNATIONALûCAPITALûMARKETSû

ANDûDIVERSIFYûOURûFUNDINGûSOURCESvûSAIDû4RANû

1UANGû(UYûGENERALûDIRECTORûOFû&,#ûINûTHEû

PRESSûRELEASEûONû7EDNESDAY

3HARESûOFûTHEûGROUPûFORMûTHEûSECURITYûFORû

THEûOFFSHOREûlNANCINGûWHICHûWILLûFUNDû

CAPITALûEXPENDITUREûWORKINGûCAPITALûANDû

NEWûPROJECTS

)TûISûAûMOREûmEXIBLEûSTRUCTUREûFORû

BORROWERSûCOMPAREDûWITHûDOMESTIC

CURRENCYûLOANSûWHICHûCOMEûWITHûMOREû

STRINGENTûREQUIREMENTSûINûTHEûFORMûOFû

PLEDGESûONûLANDûASSETSûANDûSPECIlCûUSEûOFû

PROCEEDS

4HEûOFFSHOREûLOANûPAYSûPRICINGûOFûABOUTû

BPûOVERû,IBOR

)NûCOMPARISONû6INGROUPûTHEûLARGESTû

PROPERTYûDEVELOPERûINû6IETNAMûPAIDûTOP

LEVELûALL

INûPRICINGûOFûBPûBASEDûONûANû

INTERESTûMARGINûOFûBPûOVERû,IBORûANDûANû

AVERAGEûLIFEûOFûûYEARSûONûITSû53Mû

lVE

YEARûLOANûTHATûCLOSEDûLASTûWEEK

(ANOI

BASEDû&,#ûWHOSEûMAINûBUSINESSESû

AREûHOUSINGûRESORTSûANDûGOLlNGûAGREEDûLASTû

MONTHûTOûAû53BNûDEALûTOûBUYûû"OEINGû

PLANESûATûCURRENTûLISTûPRICESûFORû"AMBOOû

!IRWAYSûWHICHûISûAWAITINGûANûAVIATIONû

LICENCEûFROMûTHEû6IETNAMESEûGOVERNMENT

)Nû-ARCHû&,#ûSIGNEDûAûMEMORANDUMûOFû

UNDERSTANDINGûWITHû!IRBUSûTOûBUYûUPûTOûû

AIRCRAFTû4HEûSAMEûMONTHû&,#ûHADûSAIDûITû

PLANNEDûTOûOPERATEûINTERNATIONALûmIGHTSû

THROUGHû"AMBOOû!IRWAYSûTOûTOURISTûSPOTSûINû

6IETNAMûINCLUDINGûWHEREû&,#ûHASû

PROPERTIESûANDûALSOûPLANSûDOMESTICûmIGHTS

,ISTEDûONûTHEû(Oû#HIû-INHû3TOCKû

%XCHANGEûSINCEû!UGUSTûû&,#ûISû

DEVELOPINGûMOREûTHANûûPROJECTSûCOVERINGû

NEARLYûûHECTARES

EUROPE/MIDDLE

EAST/AFRICA

AUSTRIA

AT&S PLACES €292.5m SCHULDSCHEIN

0RINTEDûCIRCUITûBOARDûMANUFACTURERûAT&S has

PLACEDûAûõMû3CHULDSCHEINDARLEHENû

THATûWILLûBEûUSEDûFORûTHEûEARLYûRElNANCINGûOFû

ANûEXISTINGû33$ûTHATûWASûPLACEDûINûûANDû

TOûEXTENDûTHEûCOMPANYSûMATURITYûPROlLE

BayernLB and Raiffeisen Bank International

ARRANGEDûTHEûlNANCINGûTHATûSUPPORTSûTHEû

COMPANYSûMID

TERMûSTRATEGYûWHICHûAIMSûTOû

GENERATEûREVENUEûOFûõBN

4HEû33$ûCOMPRISESûTRANCHESûOFûlVEûSEVENû

ANDûûYEARSûONûBOTHûlXEDûANDûVARIABLEûRATESû

OFûINTERESTû!ROUNDûûOFûTHEû33$ûHADûTERMSû

OFûSEVENûANDûûYEARS

4HEûlNANCINGûWHICHûISû!43SûBIGGESTû

33$ûTOûDATEûWILLûBEûDISBURSEDûINûTWOû

PORTIONSûINû*ULYûANDû/CTOBER