China offshore loans increase 3% YoY
- Shui On Development Holdings has signed a $480 million term loan through joint bookrunners and mandated lead arrangers Standard Chartered Bank and Bangkok Bank. Syndication saw Bank of Communications, China Everbright Bank, Cinda Securities, and Maybank came in as mandated lead arrangers while Bank of China, China Guangfa Bank, Dah Sing Bank, East West Bancorp Inc and Xiamen International Bank joined as arrangers. Proceeds are to repay existing debt and support future acquisition, also for general corporate purposes and capital expenditure purposes.
- China offshore syndicated loan totals $46.1 billion in 2018 YTD via 73 deals, up 3% from $42.2 billion in 2017 YTD.
- China syndicated loans stand at $121.5 billion so far this year, down 8.3% from last YTD’s $132.4 billion.
Hong Kong real estate loan significantly increase
- John Swire & Sons (HK) has secured a HK$5 billion facility through joint mandated lead arrangers China Construction Bank, DBS, MUFG Bank and Mizuho Bank on a club basis. Proceeds are for general corporate purposes.
- In Hong Kong, real estate sector loans stand at $17.0 billion in 2018 YTD, up 35.1% from $12.6 billion in 2017 YTD.
- In Asia Pacific (ex Japan), real estate loans total $70.2 billion, taking 18.0% of total market share.
The largest deal signed in Indonesia in 2018 YTD
- PT Perusahaan Listrik Negara (Persero) has signed a $1.62 billion facility through joint bookrunners and mandated lead arrangers ANZ, Bank of China, Citi, Mizuho Bank, OCBC, Sumitomo Mitsui Banking Corp and UOB. Syndication saw First Abu Dhabi Bank and Industrial & Commercial Bank of China joined as mandated lead arrangers while Bank of Taiwan, Cathay United Bank, DZ Bank, E.Sun Commercial Bank, Hokkoku Bank, Hua Nan Commercial Bank, Hyakugo Bank, Jih Sun International Commercial Bank, Land Bank of Taiwan, Mega International Commercial Bank, Shanghai Commercial & Savings Bank and State Bank of India came in as participants. Proceeds are for general corporate purposes.
- This is the largest deal signed in Indonesia in 2018 YTD, followed by Indonesia Eximbank’s $1.15 billion facility signed in July 2018 and PT Pamapersada Nusantara’s $1 billion loan signed in Oct 2018.
- Indonesia syndicated loan totals $15.8 billion so far this year, down 9.1% from $17.4 billion for the same period of last year.
Source: dealogic
¬ Haymarket Media Limited. All rights reserved.
