Asia Pacific (ex Japan) Retail sector loan volume down 54% YoY in 2017
- Trans Retail has signed a $575 million facility through joint bookrunners and mandated lead arrangers BNP Paribas, Bank of China, CTBC Bank, Deutsche Bank, Industrial & Commercial Bank of China, Maybank Kim Eng Securities, and Sumitomo Mitsui Banking Corp. Syndication saw Bank SinoPac, Emirates NBD, National Bank of Abu Dhabi, Ta Chong Bank, and Yuanta Commercial Bank join in as mandated lead arranger, while Bank of Kaohsiung, Bank of Panhsin, Bank of Philippine Islands, Cathay United Bank, Chang Hwa Commercial Bank, China CITIC Bank International, Far Eastern International Bank, First Commercial Bank, Hua Nan Commercial Bank, KEB Hana Bank, Land Bank of Taiwan, Mega International Commercial Bank, Monte dei Paschi, Rabobank, Sunny Bank, Taishin International Bank, Taiwan Business Bank, Taiwan Cooperative Bank, and Taiwan Shin Kong Commercial Bank joined as participants. Proceeds are for capital expenditure and debt repayment purposes.
- This is the third largest deal signed in Indonesia so far this year, after Bhumi Jati Power’s $1.7 billion facility and Star Energy Geothermal’s $660 million fundraising. Indonesia syndicated loan volume reached $6.8 billion via 22 deals in 2017, almost triple the $2.3 billion borrowed from 2016.
- In Asia Pacific (ex Japan), Retail sector loan volume totals $4.1 billion via 10 deals in 2017 YTD, down 54% from $9.1 billion borrowed in the same period of time of 2016.
The second largest Real estate sector deal signed in Asia Pacific (ex Japan) in 2017 YTD
- Yanlord Land (Hong Kong) has signed a $1.05 billion dual currency facility through joint bookrunners and mandated lead arrangers DBS, Hang Seng Bank, HSBC, Standard Chartered Bank, and Wing Lung Bank. Syndication saw Bank of East Asia, China Construction Bank, China Merchant Bank, Industrial & Commercial Bank of China, Nanyang Commercial Bank, Ping An Bank, Shanghai Pudong Development Bank, Shanghai Rural Commercial Bank, and United Overseas Bank joined as mandated lead arrangers, while Bank of Shanghai, China Everbright Bank, China Guangfa Bank, Chong Hing Bank, Tai Fung Bank, and Taiwan Cooperative Bank came in as arrangers. Proceeds are to refinance the $385m facility signed in June 2014 and for general corporate purposes.
- This is the second largest Real Estate sector deal signed in Asia Pacific (ex Japan) so far this year, after Sun Hung Kai Properties (Financial Services)‘s $2.8 billion facility signed in March 2017.
- In Hong Kong, syndicated loan volume totals $12.1 billion via 17 deals in 2017 YTD, a slight decrease from $12.1 billion borrowed in the same period of time of 2016.
The largest Chemical sector deal signed in Asia-Pacific (ex Japan) in 2017 YTD
- HCP Global has signed a $540 million facility through joint bookrunners and mandated lead arrangers Bank SinoPac, CTBC Bank, Cathay United Bank, DBS, E. Sun Commercial Bank, and Taishin International Bank. Syndication saw Chang Hwa Commercial Bank, Hua Nan Commercial Bank, KGI Bank, Mega International Commercial Bank, Mizuho Bank, Shanghai Commercial Bank, Siemens Bank, Ta Chong Bank, Taichung Commercial Bank, and Tokyo Star Bank join in as participants. Proceeds are to amend and restate an existing $430m facility signed in May 2016 to increase facility amount and extend tenor.
- This is the largest Chemical sector deal signed in Asia-Pacific (ex Japan) so far this year, followed by Korea Industrial Gases’ $363 million facility and Anhui Haoyuan Chemical Group’s $362 million fundraising.
- In Asia Pacific (ex Japan), Chemical sector loan volume totals $1.8 billion via 11 deals in 2017 YTD, down 56% from $4.1 billion borrowed in the same period of time of 2016.
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