Two help Hilong drill for $100m three year financing

Oilfield equipment provider Hilong Holdings launched a $100m loan into general syndication, offering generous returns.... more

APAC Financial Markets • #Citi, #CiticBank, #HilongHoldings, #Loans, #NonIGLeveragedLoan, #Syndication #Issuance/Pipeline, #SyndicatedLoans

Minsheng Leasing unit returns; Trafigura eyeing CNH facility

China’s Minsheng Financial Leasing is back in the loan market for a $175m-$200m facility, picking Credit Suisse as the sole bookrunner and mandated lead arranger.... more

APAC Financial Markets • #China, #CreditSuisse, #InvestmentGrade, #Loans, #MinshengFinancialLeasing, #Syndication #Issuance/Pipeline, #SyndicatedLoans

Giant said to mull $850m loan prepayment

Rumours are swirling that Chinese company Giant Interactive, which wrapped up a $850m leveraged buyout loan only last year, is considering prepaying the money early.... more

APAC Financial Markets • #BNPParibas, #ChinaMinshengBank, #CreditSuisse, #DeutscheBank, #GoldmanSachs, #IndustrialAndCommercialBankOfChinaInternational, #JPMorgan, #Loans, #NonIGLeveragedLoan, #Syndication #Issuance/Pipeline, #SyndicatedLoans

MGM Grand amends facilities worth HK$15.6bn

Macanese casino operator MGM China and subsidiary MGM Grand Paradise have amended and extended credit facilities raised in 2012.... more

APAC Financial Markets • #ExtendedCreditFacilities, #Loans, #Macau, #MGMChina, #MGMGrandParadise, #NonIGLeveragedLoan, #Syndication #Issuance/Pipeline, #SyndicatedLoans

LOANS: MBK completes NT$46.742bn refi for CNS

South Korean private-equity firm MBK Partners completed a NT$46.742bn (US$1.5bn) seven-year refinancing on May 29 for Taiwanese cable TV operator China Network Systems.... more

APAC Financial Markets • #ChinaNetworkSystems, #Loans, #MBKPartners, #PrivateEquity, #SouthKorea, #Syndication, #Taiwan #Issuance/Pipeline, #SyndicatedLoans

LOANS: Walton"s NT$7bn refi nets 10

Ten banks have committed more than NT$7bn (US$228m) to Kaohsiung-based semiconductor maker Walton Advanced Engineering’s NT$7bn five-year refinancing in general syndication.... more

APAC Financial Markets • #Loans, #Refinancing, #Syndication, #Taiwan, #WaltonAdvancedEngineering #Issuance/Pipeline, #SyndicatedLoans

LOANS: Duo providing stapled financing of W4trn-plus for Tesco unit buyout

BNP Paribas and HSBC are providing stapled financing of over W4trn (US$3.60bn) to bidders for British retailer Tesco’s South Korean subsidiary, Homeplus.... more

APAC Financial Markets • #BNPParibas, #Financing, #Homeplus, #HSBC, #Loans, #SouthKorea, #Syndication, #Tesco #Issuance/Pipeline, #SyndicatedLoans

LOANS: Royal refi of US$500m pulls in 14

Royal Industries Indonesia’s US$500m dual-tranche refinancing has seen 14 lenders join in general syndication.... more

APAC Financial Markets • #DualTranche, #Loans, #Refinancing, #RoyalIndustriesIndonesia, #Syndication #Issuance/Pipeline, #SyndicatedLoans

LOANS: Woodside refi of US$800m launches

A US$800m dual-tranche refinancing for largest Australian independent oil-and-gas producer Woodside Petroleum has been launched through thee banks.... more

APAC Financial Markets • #Australia, #DualTranche, #Loans, #Syndication, #WoodsidePetroleum #Issuance/Pipeline, #SyndicatedLoans

Hilong drills for $100m three year

Oilfield equipment provider Hilong Holdings has launched a $100m loan into general syndication. Two banks are arranging the loan for the company, which made its debut in the offshore syndicated loan market in 2013 and has visited annually since.... more

APAC Financial Markets • #Citi, #CiticBank, #Debut, #HilongHoldings, #Loans, #NonIGLeveragedLoan, #Syndication #MarketNews

LOANS: Haitong International back for more

Brokerage house Haitong International Securities Group is in the market again for a HK$2bn (US$258m) three-year bullet loan, barely two months after signing a HK$6bn facility.... more

APAC Financial Markets • #HaitongInternational, #Loans, #Syndication #Issuance/Pipeline, #SyndicatedLoans

LOANS: Louis Dreyfus revolver of US$400m launches

A US$400m three-year revolving credit for Louis Dreyfus Commodities Asia has been launched through mandated lead arrangers and bookrunners ANZ, Commerzbank, DBS Bank and HSBC.... more

APAC Financial Markets • #ANZ, #Commerzbank, #DBS, #HSBC, #Loans, #LouisDreyfusCommoditiesAsia, #Syndication #Issuance/Pipeline, #SyndicatedLoans

Modern Dairy back for US$150m

Hong Kong-listed China Modern Dairy Holdings is in the market for a US$150m three-year term loan, less than a year after signing a US$300m facility.... more

APAC Financial Markets • #ChinaModernDairy, #HongKong, #Loans, #Syndication #Issuance/Pipeline, #SyndicatedLoans

Nine join REC in gen syn

Nine banks have joined Rural Electrification Corp’s US$400m five-year amortising loan in general syndication.... more

APAC Financial Markets • #AmortisingLoan, #Loans, #RuralElectrificationCorp, #Syndication #Issuance/Pipeline, #SyndicatedLoans

HPCL $400m crosses finish line with seven

Hindustan Petroleum Corp’s (HPCL) $400m 39 month facility has been allocated, with seven lenders joining in general syndication. When the loan was launched, market participants saw it as a litmus test for retail demand for three year state owned Indian assets. But while the deal got over the finish line, bankers on the loan said the response was tepid.... more

 

APAC Financial Markets • #ANZ, #BNPParibas, #DBS, #DeutscheBank, #Loans, #Mizuho, #RBS, #Syndication, #UOB #Issuance/Pipeline, #SyndicatedLoans

World Peace seeks NT$6bn in two currencies

Taiwanese electronic components distributor World Peace Group is back in the market for a borrowing of NT$6bn ($195m). Banks have already put in their proposals for the loan and the mandate is likely to be decided by the end of June.... more

APAC Financial Markets • #Loans, #NonIGLeveragedLoan, #Syndication, #Taiwan, #WorldPeaceGroup #Issuance/Pipeline, #SyndicatedLoans

Zhuhai sets sail for HK$1bn loan

Port and ferry service provider Zhuhai Holdings Investment has unfurled an HK$1bn ($128m) borrowing in general. Interested banks will get a chance to review the company’s operations in its home city of Zhuhai.... more

APAC Financial Markets • #Loans, #Maybank, #NonIGLeveragedLoan, #Syndication, #ZhuhaiHoldings #Issuance/Pipeline, #SyndicatedLoans

LOANS: Nine join US$400m REC amortiser in gen syn

Nine banks have joined Rural Electrification Corp’s US$400m five-year amortising loan in general syndication.... more

APAC Financial Markets • #AmortisingLoan, #Loans, #REC, #RuralElectrification, #Syndication #Issuance/Pipeline, #SyndicatedLoans

Senior JPM syndicate banker moves to HK

Marc Lewell, head of European syndicate for corporates, financials and emerging markets at JP Morgan in London, is moving to Hong Kong with the bank to run its Asia Pacific syndicate.

He replaces Simon Crisp, who is taking a sabbatical. No replacement is being made for Lewell in London

The announcement of the move was made through an internal memo from Robert LoBue and Ryan O’Grady, co-heads of global debt syndicate. JP Morgan confirmed the contents of the memo.... more

APAC Financial Markets • #AsiaPacific, #HongKong, #JPMorgan, #Loans, #Syndication #PeopleMoves

P&M: Mizuho adds own pair to loans team

Mizuho Bank has added two members to its loans origination team in Singapore.... more

APAC Financial Markets • #Hiring, #Loans, #Mizuho, #Singapore, #Syndication #PeopleMoves