The third largest Transportation sector deal signed in Australia in 2017 YTD
- Newcastle Coal Infrastructure Group has secured a $634 million facility through joint mandated lead arrangers ANZ, Canadian Imperial Bank of Commerce, Commonwealth Bank of Australia, Industrial & Commercial Bank of China, National Australia Bank, OCBC, Sumitomo Mitsui Banking Corp, and UOB on a club basis. Proceeds are to refinance existing debt for the Newcastle Third Coal Export Terminal Project by Newcastle Coal Infrastructure Group.
- This is the third largest Transportation sector deal signed in Australia in 2017 YTD, after Sydney Airport Finance’s $1.1 billion facility and Qantas Airways’ $675 million facility, both signed in April 2017.
- In Australia, syndicated loan volume stands at $30.1 billion via 71 deals in 2017 YTD, down 9% from $32.9 billion borrowed in the same period of 2016 and marking the lowest YTD level since 2010 ($22.9 billion).
The largest syndicated loan signed in Taiwan in 2017 YTD
- AU Optronics has sealed a NT$23.0 billion ($758 million) facility through sole bookrunner and mandated lead arranger Bank of Taiwan. Syndication saw Bank SinoPac, CTBC Bank, Chang Hwa Commercial Bank, DBS, First Commercial Bank, Hua Nan Commercial Bank, Land Bank of Taiwan, Mega International Commercial Bank, Taipei Fubon Commercial Bank, Taishin International Bank, Taiwan Business Bank, and Taiwan Cooperative Bank as mandated lead arrangers; Agricultural Bank of Taiwan, E Sun Commercial Bank, Shanghai Commercial & Savings Bank, and Taiwan Shin Kong Commercial Bank came in as arrangers. Export-Import Bank of the Republic of China, Far Eastern International Bank, and Standard Chartered Bank joined as participants. Proceeds are to finance the purchasing of machinery and equipment.
- This is the largest syndicated loan signed in Taiwan in 2017 YTD, followed by Wistron and AII Holding’s $700 million facility in June 2017 and HCP Global’s $540 million in April 2017.
- Taiwan syndicated loan volume totals $8.6 billion via 59 deals this YTD, down 45% year-on-year from $15.6 billion in 2016 YTD and marking the lowest YTD level since 2009 ($8.4 billion).
Technology sector leads Taiwan syndicated loan volume in 2017 YTD
- Wistron and AII Holding have signed a $700 million facility through a sole bookrunner and mandated lead arranger Mega International Commercial Bank. Syndication saw BBVA, Bank SinoPac, Chang Hwa International Bank, Deutsche Bank, First Commercial Bank, and HSBC as participants. Proceeds are for working capital purposes.
- This is the second largest Technology syndicated loan signed in Taiwan so far this year, after AU Optronics’ $758 million facility signed in July 2017.
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Technology sector leads Taiwan syndicated loan volume with $3.8 billion signed in 2017 YTD, accounting for 44% of total loan volume in this region.
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