HONG KONG, March 26 (Basis Point) - Five banks have signed a$300 million five-year term loan for Philippine shopping malloperator SM Prime Holdings Inc, according to sources.
ANZ, Bank of Tokyo-Mitsubishi UFJ, HSBC, Mizuho Corporate Bank and Sumitomo MitsuiBanking Corp were the banks on the club loan.
As previously reported, funds from the bullet facility arefor general corporate purposes.
All-in pricing is in the low 200s, according to sources.
Meanwhile, seven banks have joined a $200 million, five-yearloan led by original mandated lead arranger and bookrunnerStandard Chartered Bank, according to sources.
That bullet loan offers a top all-in of 195bp via a marginof 170bp over Libor for commitments of $20 million or more ingeneral syndication.
In March 2011, SM Prime sealed a $270 million five-year termloan that paid an all-in close to 190bp clubbed by ANZ, BTMU,Chinatrust Commercial Bank, Citigroup, INGBank, Maybank, Mizuho, StanChart and SMBC.
By the end of this year, SM Prime's portfolio will include48 malls in the Philippines and five in China, the company saidin a press release on Feb. 18. Its Chinese malls are located inthe cities of Xiamen, Jinjiang, Chengdu, Suzhou and Chongqing.
HSBC Holdings (HSBA)