Australia syndicated loan volume down 7% YoY
- Australian Registry Finance has signed an A$1.8 billion facility through joint mandated lead arrangers BNP Paribas, Bank of China, Bank of Nova Scotia, China Construction Bank, Commonwealth Bank of Australia, DBS, ING, Industrial & Commercial Bank of China, National Australia Bank, Royal Bank of Canada, and Societe Generale on a club basis. Proceeds are to finance the A$2.6 billion acquisition of New South Wales' land registration agency Land & Property Information.
- Finance is the third largest sector for Australia loan volume with $2.3 billion borrowed in 2017 YTD, down 49% from $4.5 billion in the same period of 2016.
- Australia syndicated loan volume stands at $29.7 billion via 70 deals in 2017 YTD, down 7% from $32.0 billion borrowed in 2016 YTD.
Real Estate leads the Asia-Pacific (ex Japan) syndicated loan market
- Shanghai Zhongting Property Development has signed a RMB 12.9 billion facility through joint mandated lead arrangers Bank of Shanghai, China CITIC Bank, and Shanghai Pudong Development Bank on a club basis. Proceeds are for resettlement and construction financing purposes of an old district redevelopment project in Shanghai, China.
- China syndicated loan totals $73.9 billion via 216 deals this YTD, down 22% year-on-year from $95.0 billion in 2016 YTD.
- Real Estate leads the Asia Pacific (ex Japan) syndicated loan market with $31.8 billion signed in 2016 YTD, accounting for 15% of its total market.
The largest Oil & Gas sector deal signed in China in 2017 YTD
- Shandong Qingyuan Group and Shandong Qingyishan Petrochemical Technology have sealed a $650 million facility through joint bookrunners and mandated lead arrangers ABN AMRO Bank, Deutsche Bank, ING Bank, Societe Generale, and Westpac Banking Corp. Syndication saw Bank of East Asia, Commonwealth Bank of Australia, National Bank of Abu Dhabi, and Sumitomo Mitsui Banking Corp join as mandated lead arrangers, which Chang Hwa Commercial Bank, ICICI Bank, Intesa Sanpaolo SpA, Korea Development Bank, Luso International Banking, and Taishin International Bank came in as arrangers. Proceeds are for general corporate purposes.
- This is the largest Oil & Gas loan in China followed by Sinochem Hongrun Petrochemical’s $270 million facility signed in May 2017.
- In APAC (ex Japan), Oil & Gas sector syndicated loan reaches at $15.4 billion via 21 deals in 2017 YTD, down 24% year-on-year from $20.4 billion in 2016 YTD.
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