Finance leads Asia Pacific (ex Japan) loan sector ranking
- State Bank of India (Hong Kong) has signed a $500 million 3-year term loan through joint bookrunners and mandated lead arrangers BNP Paribas, Bank of America, Bank of Tokyo-Mitsubishi UFJ, Citi, DBS, HSBC, National Bank of Abu Dhabi and Wells Fargo Bank. Syndication saw 77 Bank, Bank of China, Bank of Taiwan, Hua Nan Commercial Bank, KGI Bank, Land Bank of Taiwan, Shikoku Bank and Wing Lung Bank join as mandated lead arrangers. Proceeds are for general corporate and working capital purposes.
- Finance sector accounts for 24% of Hong Kong’s total syndicated loan volume with $19.9 billion, up from 16% in last YTD.
- Finance is also the leading sector for Asia Pacific (ex Japan) syndicated loan volume with $24.3 billion via 55 deals so far this year, up 18% from $20.6 billion borrowed in the same 2015 period.
The third largest Transportation sector deal signed in Asia Pacific (ex Japan) in 2016 YTD
- Zhengzhou Metro has signed a RMB 17.5 billion term loan through sole mandated lead arrangers China Development Bank. Syndication saw Agricultural Bank of China, Bank of China, Bank of Communications, China CITIC Bank and Postal Savings Bank of China join as participants. Proceeds are to support the construction of Zhengzhou Metro Line 5.
- This is the third largest Transportation Sector loan signed in Asia Pacific (ex Japan) so far this year, behind MTR Corp’s $3.2 billion facility and Qingdao Airport Group’s $3.1 billion facility.
- Transportation sector syndicated loan volume in Asia Pacific (ex Japan) totals $23.2 billion in 2016 YTD, down 13.4% from $26.8 billion borrowed in 2015 YTD.
The largest Technology sector deal signed in Hong Kong in 2016 YTD
- Truly Semiconductors has sealed a HK$4.5 billion facility through joint bookrunners and mandated lead arrangers Bank of China, Bank of Tokyo-Mitsubishi, China CITIC Bank International, Citibank, Hang Seng Bank, HSBC and Standard Chartered Bank. Syndication saw Industrial & Commercial Bank of China, Nanyang Commercial Bank and Shanghai Pudong Development Bank join as mandated lead arrangers. Proceeds are for capital expenditure and general corporate purposes.
- This is the largest Technology sector deal signed in Hong Kong this YTD, followed by Seek Asia’s $118 million facility and Hong Kong Broadband Network’s $90 million fundraising.
- Asia Pacific (ex Japan) Technology sector syndicated loan volume has reached $15.8 billion so far this year, increasing 25% from $12.6 billion borrowed in 2015 YTD and marking the second consecutive year-on-year increase since 2014.
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