Asia-Pacific syndicated loans lowest since 2012

CCCC Beijing Urban Development, Sumber Wang (L) and Kia Motors India feature in Dealogic's roundup of loans activity in Asia for November 10 to 16.

Real Estate is the second largest sector for China loan volume this YTD

  • CCCC Beijing Urban Development has secured a RMB 2.7 billion facility through joint mandated lead arrangers Agricultural Bank of China, Agricultural Development Bank of China, Bank of China, Beijing Rural Commercial Bank, and China Everbright Bank on a club basis. Proceeds are to support the Shantytown renovation project in Xiaxianying Village, Gaoliying Township, Shunyi District, Beijing.
  • Real Estate is the second largest sector for China syndicated loan volume in 2017 YTD. Volume has reached $21.3 billion via 86 deals, slight increase from $21.0 billion borrowed in 2016 YTD.
  • China syndicated loan volume totals $121.5 billion in 2017 YTD, down 22% from $156.7 billion borrowed in 2016 YTD.

Malaysia syndicated loan volume up 13% Y-o-Y

  • Sumber Wang (L) has signed a $365 million facility through sole bookrunner and mandate lead arranger Maybank. Syndication saw Affin Hwang Capital and CIMB Islamic Bank join as mandated lead arrangers. Proceeds are to repay existing debt.
  • Malaysia syndicated loan volume totals $8.5 billion in 2017 YTD, up 13% from $7.5 billion borrowed in 2016 YTD.
  • Oil & Gas sector leads Southeast Asia syndicated loan volume with $12.3 billion via 17 deals signed so far this year, accounting for 18% of total Southeast Asia loan volume.

Asia Pacific (ex-Japan) syndicated loan volume stands at lowest YTD level since 2012

  • Kia Motors India has signed a $648 million facility through joint mandated lead arrangers ANZ, Citibank, ING, Santander, and Standard Chartered Bank on a club basis. Proceeds are to support the construction of a new manufacturing plant in India.
  • India syndicated loan volume totals $42.1 billion so far this year, down 5% from $44.1 billion borrowed in the same period of 2016.
  • Asia Pacific (ex-Japan) syndicated loan volume stands at $370.3 billion in 2017 YTD, down 16% from the $439.4 billion borrowed in 2016 YTD and marking the lowest YTD level since 2012 ($337.6 million).
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