Construction is the third largest sector in China loan market in 2017 YTD
- Powerchina Roadbridge Group has signed a RMB 20.0 billion facility through joint mandated lead arrangers Bank of China and China Development Bank. Syndication saw Agricultural Bank of China, Industrial & Commercial Bank of China, and Postal Savings Bank of China come in as participants. Proceeds are to support the construction of the Zhongshan - Kaiping Highway project on a BOT+EPC basis in China.
- This is the third largest Construction deal signed in China in 2017 YTD, behind CCCC Investment’s $4.3 billion fundraising signed in June 2017 and Shanghai Metro Line 15 Development’s $3.4 billion facility signed in May 2017.
- Construction is the third largest sector in China loan market. Volume stands at $19.9 billion via 52 deals in 2017 YTD, accounting for 16% of the total China loan volume.
Asia-Pacific (ex-Japan) Transportation sector loan volume down 28% YoY
- Sichuan Lehan Expressway has signed a RMB 10.3 billion facility through a sole mandated lead arranger Postal Savings Bank of China. Syndication saw Agricultural Bank of China, Bank of China, China Construction Bank, and Industrial & Commercial Bank of China come in as participants. Proceeds are to finance the construction of Emei-Hanyuan highway in Sichuan Province, China.
- Transportation sector leads China loan volume with $25.5 billion signed in 2017 YTD, down 4% from $26.6 billion borrowed in the same period of 2016.
- In Asia-Pacific (ex-Japan), Transportation sector loan volume stands at $40.6 billion in 2017 YTD, down 27% from $55.4 billion borrowed in the same period of 2016.
Asia Pacific (ex-Japan) Project Finance loan volume at highest YTD level since 2012
- China Power Hub Generation has secured a $1.5 billion facility through a sole mandated lead arranger China Development Bank. Syndication saw Bank of Communications, China Construction Bank, Export-Import Bank of China, and Industrial & Commercial Bank of China come in as participants. Proceeds are to finance the construction of CPHGC 2 × 660MW Coal-fired Power Plant in Hub tehsil, Lasbela district, Balochistan province, Pakistan.
- Project Finance loan volume stands at $93.3 billion in Asia Pacific (ex Japan) so far this year, increasing 25% from $74.7 billion borrowed in the same period of 2016 and marking the highest YTD level since 2012 ($97.3 billion).
- Asia Pacific (ex-Japan) syndicated loan volume stands at $383.9 billion in 2017 YTD, down 15% from the $449.8 billion borrowed in 2016 YTD and marking the lowest YTD level since 2012 ($340.2 million).
¬ Haymarket Media Limited. All rights reserved.
