Aircraft loans almost treble; finance sector on the rise

FSS Liberty Trust, CDB Aviation Funding and China Resources Power Holdings feature in Dealogic's roundup of loans activity in Asia for September 21 to 27.

Asia Pacific (ex Japan) Finance sector loan up 31% Y-o-Y

  • FSS Liberty Trust has signed an A$1.6 billion facility through joint bookrunners and mandated lead arrangers National Australia Bank and Royal Bank of Canada. Syndication saw ANZ, Bank of China, Commonwealth Bank of Australia, Industrial & Commercial Bank of China, MUFG Bank, UOB, and Westpac came in as participants. Proceeds are for general corporate purposes.
  • In Australia, Finance sector loan volume reached $5.7 billion via 10 deals in 2018 YTD, up 90% from the $3.0 billion borrowed in 2017 YTD.
  • In Asia Pacific (ex Japan), Finance sector loan volume reached $36.0 billion via 121 deals in 2018 YTD, up 31% from the $27.5 billion borrowed in 2017 YTD.

Aircraft loan almost tripled Y-o-Y

  • CDB Aviation Funding has signed a $700 million facility through joint mandated lead arrangers BNP Paribas, Credit Agricole, ING Bank, National Australia Bank, SG Corporate & Investment Banking, Sumitomo Mitsui Trust Bank, and Westpac on a club basis. Proceeds are for aircraft leasing purposes.
  • In Asia Pacific (ex Japan), Aircraft loan volume stands at $3.6 billion in 2018 YTD, almost triples the amount of $1.2 billion in 2017 YTD.

China offshore loan slightly down

  • China Resources Power Holdings has signed a HK$ 6.0 billion facility through joint mandated lead arrangers Bank of Communications, China Construction Bank, Industrial & Commercial Bank of China, MUFG Bank, Mizuho, OCBC, Sumitomo Mitsui Banking Corp and UOB on a club basis. Proceeds are for refinancing purposes.
  • China offshore syndicated loan stands at $37.4 billion via 60 deals, slightly down from $37.7 billion borrowed in the same period of 2017. 
  • In 2018 YTD, China syndicated loan volume stands at $116.7 billion, slightly down from $121.9 billion borrowed in the same period of 2017.

 

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