The largest technology sector deal signed in Asia Pacific (ex Japan) in 2016 YTD
· Tencent Asset Management has signed a $4.4 billion facility through joint bookrunners and mandated lead arrangers ANZ, Agricultural Bank of China, Bank of China, Bank of Communications, Bank of Tokyo-Mitsubishi UFJ, China Construction Bank, China Development Bank, China Merchants Bank, Citi, DBS, Hang Seng Bank, HSBC, Industrial & Commercial Bank of China, Mizuho Bank, Shanghai Pudong Development Bank, Standard Chartered Bank and Sumitomo Mitsui Banking Corp. Syndication saw Cathay United Bank, Chong Hing Bank and KGI Bank join as mandated lead arrangers, while Credit Industriel et Commercial, Credit Suisse, Goldman Sachs, Mega International Commercial Bank and Taishin International Bank came in as arrangers. Proceeds are for general corporate purposes.
· This is the largest technology sector deal signed in Asia Pacific (ex Japan) so far this year, followed by Alibaba Group Holding’s $4.0 billion facility signed on 3 May 2016.
· Asia Pacific (ex Japan) syndicated loan volume stands at $161.4 billion, down 24% from the $213 billion borrowed in 2015 YTD, marking the lowest YTD level since 2012 ($157.7 billion).
Asia Pacific (ex Japan) technology loan volume at the highest YTD level on record
· Baidu has secured a $2.0 billion facility through joint bookrunners and mandated lead arrangers ANZ, BNP Paribas, Bank of America Merrill Lynch, Bank of China, Bank of Communications, China Construction Bank, Citigroup, DBS, Deutsche Bank, Hang Seng Bank, HSBC, Industrial & Commercial Bank of China, JPMorgan, Mizuho Bank, Nanyang Commercial Bank, Standard Chartered Bank and Wing Lung Bank. Syndication saw Cathay United Bank, China Merchants Bank, KGI Bank and Mega International Commercial Bank join as mandated lead arrangers. Proceeds are for general corporate purposes.
· This is the third largest technology sector syndicated loan signed in Asia Pacific (ex Japan) so far this year, behind Tencent Asset Management’s $4.4 billion facility and Alibaba Group Holding’s $4.0 billion borrowing.
· Asia Pacific (ex Japan) technology sector syndicated loan volume has reached $15.2 billion via 38 deals so far this year, the highest YTD volume for the sector on record.
The largest deal signed in Hong Kong in 2016 YTD
· MTR Corp. has wrapped up a HK$25 billion facility through joint bookrunners and mandated lead arrangers Bank of China, Bank of Tokyo-Mitsubishi UFJ, HSBC and Mizuho Bank. Syndication saw Agricultural Bank of China, Bank of Communications, China Development Bank, Citi and Hang Seng Bank join as mandated lead arrangers. ANZ, Bank of America Merrill Lynch, China Construction Bank, Commonwealth Bank of Australia, Credit Industriel et Commercial, First Commercial Bank, Industrial & Commercial Bank of China, National Australia Bank, National Bank of Abu Dhabi, Shanghai Commercial & Savings Bank, Sumitomo Mitsui Banking Corp. and Sumitomo Mitsui Trust Bank came in as arrangers. Proceeds are for general corporate purposes.
· This is the largest deal signed in Hong Kong so far this year, followed by Sun Hung Kai Properties (Financial Services)’s $1.9 billion facility and Haitong International Securities’ $1.6 billion fundraising.
· Hong Kong syndicated loan volume stands at $20.5 billion so far this year, down 28% from $28.6 billion borrowed last YTD.
