The largest Australia Utility & Energy facility signed in 2015 YTD
EnergyAustralia Finance have sealed a A$1.8 billion deal through joint bookrunners and mandated lead arrangers ANZ, Bank of Tokyo- Mitsubishi UFJ, Commonwealth Bank of Australia, Mizuho Bank, National Australia Bank, OCBC, SMBC and Westpac. Syndication saw Barclays, China Construction Bank, DNB, Industrial & Commercial Bank of China and RBC join in as mandated lead arrangers while BNP Paribas, Bank of America, Bank of China, Citi and HSBC joined in as participants. Proceeds are for working capital purposes.
This is the largest Utility & Energy facility signed in Australia 2015 YTD, followed by APT Pieplines’ $612 million facility.
Total volume for Australia Utility & Energy syndicated loans stands at $3.0 billion so far this year, down 36% from last year’s $4.7 billion.
China US dollar-denominated loan volume at the lowest YTD level since 2012
Far East Horizon has completed a $250 million three-year term loan through joint bookrunners and mandated lead arrangers Deutsche Bank and Emirates NBD. Syndication saw Burgan Bank, Commercial Bank QSC and Commercial Bank of Kuwait come in as mandated lead arrangers while Agricultural Bank of China and Bank of China concluded the syndicate as arrangers. Proceeds are for general corporate purposes.
China US dollar-denominated loan volume stands at $14 billion in 2015 YTD, down 36% year-on-year and the lowest since 2012 ($10.2 billion).
Similarly, Asia Pacific (ex Japan) US dollar-denominated loan drops to $79.6 billion in 2015 YTD from the $129.1 billion reached in the same 2014 period, the lowest since 2012 (59.6 billion)
The largest China Metal & Steel facility on record
Tianjin Zhongwang Aluminium has signed a RMB20 billion ten-year term loan though joint bookrunners and mandated lead arrangers Bank of China and ICBC. Syndication saw Agricultural Bank of China and Export-Import Bank of China come in as arrangers while Bank of Communications and China Construction Bank joined as participants. Proceeds are for capital expenditure purposes.
This is the largest China Metal & Steel facility on record and the third largest China syndicated loan signed so far in 2015, behind Yalong River Hydropower Development’s $8.6 billion deal and Shangdong Nuclear Power’s $4.9 billion transaction.
China Metal & Steel loans have totaled $4.4 billion via 4 deals in 2015 YTD, up 26% on the $3.5 billion borrowed in 2014 YTD.
