Acquisition-related loan volume down 44% Y-o-Y in Asia Pacific ex-Japan
- Faulkner Global Holdings has signed a $4.3 billion facility through sole bookrunner and mandated lead arranger Bank of China. Syndication saw Tai Fung Bank join as a participant. Proceeds are to support COSCO Shipping's $6.3 billion acquisition of Orient Overseas.
- This is the second largest acquisition-related loan signed in China in 2017, behind Midea Electrics Netherlands’ $4.3 billion facility signed in August 2017.
- In Asia Pacific ex-Japan, acquisition-related loan volume stands at $67.4 billion via 107 deals in 2017, down 44% from the $120.1 billion...
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