The second largest Real Estate sector loan signed in Asia Pacific (ex Japan) in 2018 YTD
- China Resources Land has signed a HK$14.8 billion facility through joint mandated lead arrangers Agricultural Bank of China, Bank of Communications, China Construction Bank, DBS, Hang Seng Bank, HSBC, Industrial & Commercial Bank of China, Intesa Sanpaolo, MUFG Bank, Sumitomo Mitsui Banking Corp, and UOB on a club basis. Proceeds are to repay existing debt and for general corporate purposes.
- In China, this is the largest Real Estate deal signed this YTD. Its total Real Estate loan volume has reached $ 10.9 billion this YTD.
- This is the second largest Real Estate sector deal signed in Asia Pacific (ex Japan) so far this year, after Sun Hung Kai Properties’ $2.7 billion facility signed in March 2018.
Asia Pacific (ex Japan) Technology loan down 46% Y-o-Y
- ChipMOS Technologies has signed a NT$12.0 billion facility through joint bookrunners and mandated lead arrangers Bank of Taiwan, Land Bank of Taiwan, and Taiwan Cooperative Bank. Syndication saw Chang Hwa Commercial Bank, Hua Nan Commercial Bank, Taishin International Bank, and Yuanta Commercial Bank join as mandated lead arrangers; while Bank of Panhsin, First Commercial Bank, Mega International Commercial Bank, and Taiwan Shin Kong Commercial Bank came in as participants. Proceeds are to refinance the NT$13.2 billion facility signed in May 2016 and for working capital purposes.
- In Taiwan, the total volume of Technology sector loan has reached $6.7 billion so far this year, almost five times the $1.5 billion borrowed last YTD.
- In Asia Pacific (ex Japan), Technology loan volume stands at $11.0 billion in 2018 YTD, down 46% from the $20.3 billion borrowed in 2017 YTD.
The third largest Technology sector deal signed in Taiwan in 2018 YTD
- Wistron has signed a $800 million facility through joint bookrunners and mandated lead arrangers Mega International Commercial Bank and Sumitomo Mitsui Banking Corp. Syndication saw Bank of China, Bank of Communications, Bank of Taiwan, Cathay United Bank, Chang Hwa Commercial Bank, E Sun Commercial Bank, First Commercial Bank, Hua Nan Commercial Bank, KGI Bank, Land Bank of Taiwan, Metropolitan Bank & Trust, OCBC, Shanghai Commercial & Savings Bank, Taipei Fubon Commercial Bank, Taishin International Bank, and Taiwan Cooperative Bank join as mandated lead arrangers, while CTBC Bank, Far Eastern International Bank, MUFG Bank, and Mizuho Bank join as participants. Proceeds are to refinance the $600 million facility signed in September 2013 and for working capital purposes.
- This is the third largest Technology sector deal signed in Taiwan so far this year, after ASE Industrial Holding’s $3.0 billion facility signed in April 2018 and Powerchip Technology’s $854 million fundraising signed in March 2018.
- In 2018 YTD, Taiwan syndicated loan volume stands at $11.8 billion, doubled the $5.2 billion borrowed in 2017 YTD.
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