Real Estate sector leads the China loan volume in 2018 YTD
Beijing Uni-Construction Real Estate has signed a RMB 8.7 billion facility through sole bookrunner and mandated lead arranger Bank of China. Syndication saw Bank of Beijing, Beijing Rural Commercial Bank, and China Construction Bank join as participants. Proceeds are for capital expenditure purposes.
Real Estate sector leads the China loan volume in 2018 YTD with volume totals $4.3 billion via 8 deals in 2018 YTD, accounting for 36% of China’s total syndicated loan market.
China syndicated loan volume stands at $12.0 billion so far this year, up 25% from $9.6 billion borrowed in 2017 YTD.
Chemical is the third largest sector for Asia Pacific (ex JP) loan volume this YTD
Fujian Fuhaichuang Petrochemical has signed a RMB 13.6 billion facility through sole bookrunner and mandated lead arranger Bank of China. Syndication saw Agricultural Bank of China, Bank of Communications, China Construction Bank, China Everbright Bank, China Merchants Bank, China Minsheng Banking Corp, Export-Import Bank of China, Hua Xia Bank, Industrial & Commercial Bank of China, and Industrial Bank join as participants. Proceeds are for working capital purposes.
This is one of the first two Chemical deals signed in Asia Pacific (ex JP) so far this year, along with Jiangsu Weiming Petrochemical’s $78 million facility signed in January 2018.
In Asia Pacific (ex-Japan), Chemical sector volume stands at $2.2 billion so far this year, accounting for 14% of the region’s total volume. The total Chemical sector loan volume stood at $8.0 billion via 45 deals in 2017.
The largest Finance sector deal signed in HK in 2018 YTD
United Asia Finance has signed a HK$850 million dual-tranche facility through joint bookrunners and mandated lead arrangers Taipei Fubon Commercial Bank and Taishin International Bank. Syndication saw Bank SinoPac, Chang Hwa Commercial Bank, and Taiwan Cooperative Bank joined as arrangers. Proceeds are to repay existing debt, for working capital purposes, and for general corporate purposes.
In 2017, Hong Kong syndicated loan volume totals $48.6 billion, up 9.2% from $44.5 billion borrowed in 2016.
Finance sector loan stood at $49.1 billion for the full year of 2017, slightly down from the total $49.4 billion borrowed in 2016.
