Australasia Investment-Grade loans increase 33% YoY
· Sentinel Financing has signed an A$ 586 million facility through joint mandated lead arrangers ANZ, Commonwealth Bank of Australia, DZ Bank, KFW, MUFG Bank and National Australia Bank on a club basis. Proceeds are used to refinance an existing A$ 603 million facility used for supporting the construction of the 800-bed low- to maximum-security Doug Owston Correctional Centre.
· In Australasia, Investment-Grade loans stand at $78.8 billion so far this year, up 33% from $59.3 billion in the same period of 2017.
· In Asia Pacific (ex-Japan), Investment-Grade loans stands at $196.9 billion in 2018 YTD, up 5% from $187.9 billion in the same period of 2017.
Asia Pacific construction/building loans struggle in 2018.
· China Merchants Loscam (Asia Pacific) has secured a HK$ 1.2 billion term loan facility and an A$ 215 million term loan facility through joint mandated lead arrangers Bank of China, DBS, HSBC, Mizuho Bank, OCBC and Westpac on a club basis. Proceeds are to refinance existing debt.
· Hong Kong syndicated loan totals $38.1 billion in 2018 YTD, down 9% from the $42.0 billion borrowed in 2017 YTD.
· In Asia Pacific (ex-Japan), construction/building syndicated loan stands at $17.7 billion so far this year, a significant 62% decrease from $46.0 billion borrowed on a year-on-year comparison.
Finance loans in China increase significantly
· Genius Auto Finance has signed a CNY$ 800 million facility through joint mandated lead arrangers Bangkok Bank, MUFG Bank, Standard Chartered Bank and Sumitomo Mitsui Banking Corp on a club basis. Proceeds are for refinancing purposes.
· In China, Finance sector loan volume stands at $11.2 billion in 2018 YTD, a significant 47% increase from the $7.6 billion borrowed in 2017 YTD.
· China onshore syndicated loan stands at $97.6 billion via 333 deals for this year, down from $129.8 billion borrowed in the same period of 2017.
