Real estate is second largest sector in Asia Pacific (ex Japan) syndicated loan market
Scentre Management has obtained a AUD $230 million five-year fundraising through joint mandated lead arrangers Credit Agricole CIB and SMBC on a club basis. Proceeds are to repay existing indebtedness.
Real estate is the second largest sector for Asia Pacific (ex Japan) loan volume in 2015 YTD. Volume has reached $45.8 billion via 118 deals so far this year, a 39% drop on the $74.5 billion via 166 deals borrowed in the same 2014 period.
Australia loan volume totals $64.1 billion in 2015 YTD, down 37% on the $102.6 billion from the same 2014 YTD.
The largest Utility& Energy facility signed in India in 2015 YTD
Himachal Baspa Power has signed a INR 75.5 billion 15-year term loan through sole bookrunner and mandated lead arrangers Axis Bank. The facility is split into a INR 66 billion portion and a INR 9.5 billion credit. Syndication saw State Bank of India join as mandate lead arrangers while Allahabad Bank, Central Bank of India, L&T Infrastructure Finance, Punjab National Bank, State Bank of Hyderabad, Syndicate Bank and Vijaya Bank came in as participants. Proceeds are to support the $1.59 billion acquisition of Himachal Baspa Power from Jaiprakash Associates.
This is the largest Utility & Energy facility signed in India so far this year, followed by RattanIndia Nasik Power’s $953 million fundraising.
India Utility & Energy sector loan volume has reached $7.9 billion via 37 deals in 2015 YTD, down 9% on the $8.6 billion via 43 deals borrowed in the same 2014 period.
The third largest syndicated loan signed in Vietnam in 2015 YTD
Samsung Display Vietnam has secured a $400 million three-year term loan through sole bookrunner and mandate lead arranger Bank of Tokyo-Mitsubishi UFJ. Syndication saw Sumitomo Mitsui Banking Corp join as participant. Proceeds are for purchasing fixed assets to enhance the company’s manufacturing capacity.
This is the third largest facility signed in Vietnam in 2015 YTD, behind Vietnam Electricity Group’s $683 million credit and Vietnam Airlines’ $589 million fundraising.
Vietnam syndicated loan volume stands at $2.7 billion so far this year, up 19% year-on-year.
