Vietnam syndicated loan volume hits record high

­­­­Chemicals is the second largest sector in China in 2018YTD

• Shihlien China Holding has signed a $330 million term loan through joint bookrunners and mandated lead arrangers Chang Hwa Commercial Bank, Hua Nan Commercial Bank, and Mega International Commercial Bank. Syndication saw Shanghai Commercial & Savings Bank, Taiwan Business Bank, and Taiwan Cooperative Bank came in as arrangers while Bank SinoPac, CTBC Bank, Jih Sun International Commercial Bank, Land Bank of Taiwan, Taipei Fubon Commercial Bank, Taishin International Bank, Taiwan Shin Kong Commercial Bank, and Yuanta Commercial Bank joined as participants. Proceeds are to refinance the $359m facility signed in January 2016.

• Chemicals is the second largest sector in China syndicated loan market in 2018 YTD. The volume stands at $19.4 billion and accounts for 17.7% of total China loan volume.

• China syndicated loan volume totals $109.4 billion so far this year, down 3% from 2017’s $113.3 billion.

The third-largest deal signed in Indonesia in 2018YTD

• Lintas Marga Sedaya has signed an IDR 8.9 trillion facility through sole mandated lead arranger Bank Central Asia. Syndication saw Bank Mandiri, Bank Panin, and Sarana Multi Infrastruktur come in as arrangers, while Bank DKI, Bank ICBC Indonesia, Bank Pembangunan Daerah Jawa Barat dan Banten, and Indonesia Infrastructure Finance joined as participants. Proceeds are to finance costs related to the loan facility and repayment of existing loan and investment cost of the project, including IDC and other fees.

• This is the third-largest deal signed in Indonesia in 2018YTD, after Indonesia Eximbank’s $1.2 billion facility and Jasamarga Jalanlayang Cikampek’s $789 million fundraising, both signed in July 2018.

• Indonesia syndicated loan volume totals $10.5 billion so far in 2018, down 29% from $14.7 billion borrowed in 2017 YTD.­­

Vietnam syndicated loan volume at record high

• Phu Hung Khang Development has signed a $400 million term loan through joint bookrunners and mandated lead arrangers Mega International Commercial Bank and Taipei Fubon Commercial Bank. Syndication saw Bank SinoPac, Shanghai Commercial & Savings Bank, Taiwan Cooperative Bank, and Yuanta Commercial Bank came in as mandated lead arrangers while Chang Hwa Commercial Bank, E.Sun Commercial Bank, Hua Nan Commercial Bank, Land Bank of Taiwan, Taichung Commercial Bank and Taiwan Business Bank joined as participants. Proceeds are to repay existing debt, finance shares purchase and for working capital purposes.

• Vietnam syndicated loan volume stands at $3.6 billion so far this year, up 6% from 2017’s $3.4 billion, and marking the highest YTD level on record.

• In Southeast Asia, syndicated loan volume stands at $58.6 billion in 2018 YTD, increasing 4% year-on-year and marking the highest YTD level since 2014 ($81.6 billion).