Finance is the second largest sector for Hong Kong loan volume in 2016 YTD
- Ease Treasure Investment has signed a HK$5.7 billion facility through joint mandated lead arrangers Bank of China, Bank of Communications, Bank of East Asia, China Construction Bank, Chong Hing Bank, DBS, Hang Seng Bank, HSBC, Industrial & Commercial Bank of China, OCBC, Sumitomo Mitsui Banking Corp and UOB on a club basis. Proceeds are to support the development of property in Tai Po District, Hong Kong.
- Finance is the second largest sector for Hong Kong loan volume in 2016 YTD. Volume has reached $9.7 billion via 22 deals so far this year, accounting for 24% of the total Hong Kong loan market.
- In Asia Pacific (ex Japan), Finance sector is also the second largest sector in 2016 YTD. Loan volume stands at $47.0 billion so far this year, accounting for 11% of the total Asia Pacific (ex Japan) loan market.
Hong Kong syndicated loan volume at lowest YTD level since 2013
- Hong Kong Broadband Network & HKBN Group have signed a HK$4.1 billion facility through joint bookrunners and mandated lead arrangers BNP Paribas, Citi, Credit Agricole CIB and JPMorgan. Syndication saw Bank of China, Bank of East Asia, Bank of Taiwan, CTBC Bank, Cathay United Bank, China Construction Bank, Chiyu Banking Corp, Chong Hing Bank, Credit Industriel et Commercial, E.Sun Commercial Bank, Fubon Bank (Hong Kong), Hang Seng Bank, Hua Nan Commercial Bank, Industrial & Commercial Bank of China, Taipei Fubon Commercial Bank, Taishin International Bank and Yuanta Commercial Bank join as mandated lead arrangers while Bank of Tokyo-Mitsubishi UFJ, Mega International Commercial Bank and Taiwan Cooperative Bank came in as arrangers. Proceeds are to refinance the HK$3.8 billion portion outstanding from a HK$4.5 billion facility signed in February 2015 and the HK$700 million facility signed in March 2016.
- Hong Kong syndicated loan volume stands at $40.1 billion so far this year, down 21% from $50.7 billion borrowed last YTD and marking the lowest total for this period since 2013 ($29.7 billion).
- Asia Pacific (ex Japan) syndicated loan totals $411.3 billion via 1136 deals, down 10% year-on-year from $456.9 billion in 2015 YTD via 1283 deals.
Technology leads the Taiwan syndicated loan market
- AU Optronics has signed a NT$10.0 billion facility through sole bookrunner and mandated lead arranger Bank of Taiwan. Agricultural Bank of Taiwan, CTBC Bank, Chang Hwa Commercial Bank, DBS, Hua Nan Commercial Bank, Land Bank of Taiwan, Mega International Commercial Bank, Taipei Fubon Commercial Bank, Taiwan Business Bank and Taiwan Cooperative Bank joined as mandated lead arrangers. Syndication saw E.Sun Commercial Bank join as arranger while Export-Import Bank of the Republic of China, Far Eastern International Bank and First Commercial Bank came in as participants. Proceeds are to purchase more machinery equipment.
- Technology leads the Taiwan syndicated loan market with $11.1 billion signed in 2016 YTD, accounting for 42% of Taiwan’s total loan volume.
- Taiwan syndicated loan totals $26.2 billion via 151 deals, down 31% year-on-year from $38.2 billion in 2015.
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