China offshore loan volume increases 20% Y-o-Y
- Chailease International Finance has signed a $250 million facility through joint bookrunners and mandated lead arrangers ANZ, China Construction Bank, DBS Bank, KGI Bank, and Taishin International Bank. Syndication saw Bank of China, Bank of East Asia, Hang Seng Bank, Standard Chartered Bank, and Sumitomo Mitsui Banking Corp come in as mandated lead arrangers. Proceeds are for general corporate purposes and to repay existing debt.
- China offshore loan volume stands at $29.3 billion so far this year, increasing 20% from $24.4 billion borrowed in 2016 YTD.
- China syndicated loans volume totals $101.2 billion in 2017 YTD, down 17% from $122.4 billion in the same period of 2016.
Real Estate sector tops Asia Pacific (ex-Japan) syndicated loan market in 2017 YTD
- Centralcon (Fo Tan) has signed a HK$5.4 billion facility through joint bookrunners and mandated lead arrangers Bank of China, Hang Seng Bank, and Industrial & Commercial Bank of China. Syndication saw China Construction Bank joined as mandated lead arranger, while Dah Sing Bank, Nanyang Commercial Bank, and Wing Lung Bank came in as arrangers. Proceeds are to finance a residential project in Hong Kong.
- In Hong Kong, Real Estate sector loan volume totals $11.6 billion via 15 deals in 2017 YTD, a slight increase from $11.0 billion borrowed in the same period of time of 2016.
- In Asia Pacific (ex-Japan), Real Estate sector loan volume stands at $44.4 billion in 2017 YTD, down 7% from $47.7 billion borrowed in 2016 YTD.
The largest Metal & Steel sector deal signed in Taiwan in 2017 YTD
- Yieh United Steel has signed a NT$12.7 billion facility through joint bookrunners and mandated lead arrangers Bank Agricultural Bank of Taiwan, Chang Hwa Commercial Bank, First Commercial Bank, Land Bank of Taiwan, Mega International Commercial Bank, Taiwan Business Bank, and Taiwan Cooperative Bank. Syndication saw Bank of Taiwan, Hua Nan Commercial Bank, Kaohsiung Business Bank, Sunny Bank, Taichung Commercial Bank, and Taishin International Bank join in as participants. Proceeds are to refinance the NT$12.1 billion facility signed in August 2014 and for working capital purposes.
- This is the largest Metal & Steel sector deal signed in Taiwan so far this year, followed by Santorics Metals and Beittia Metals’ $81 million facility in June 2017 and Formosa Coppertech’s $49 million fundraising in January 2017.
- In Asia Pacific (ex-Japan), Metal & Steel sector loan volume totals $5.5 billion via 28 deals in 2017 YTD, down 60% from $13.8 billion borrowed in the same period of time of 2016.
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