Australian real estate loans soar; Indonesia volumes slump

Lendlease Finance, Adira Dinamika Multi Finance and Amman Mineral Nusa Tenggara feature in Dealogic's roundup of loans activity in Asia for June 1 to 7.

Australia Real Estate sector loan up 78% Y-o-Y

  • Lendlease Finance has signed an A$1.1 billion facility with joint bookrunners and mandated lead arrangers ANZ, Commonwealth Bank of Australia, HSBC, Mizuho Bank, National Australia Bank, Sumitomo Mitsui Banking Corp, and Westpac. Syndication saw Bank of America, OCBC, and United Overseas Bank join as participants. Proceeds are for general corporate purposes.
  • In Australia, Real Estate sector loan stands at $4.8 billion in 2018 YTD, up 78% from $2.7 billion borrowed in the same period of 2017.
  • In Asia Pacific (ex Japan), Real Estate sector loan stands at $30.4 billion in 2018 YTD, down 6% from $32.2 billion borrowed in 2017 YTD.

Indonesia loan down 49% Y-o-Y

  • Adira Dinamika Multi Finance has sealed a $300 million term loan through joint bookrunners and mandated lead arrangers ANZ, BNP Paribas, Citi, DBS, and MUFG Bank. Syndication saw Bank of Baroda, Bank of China, Bank of Taiwan, City Union Bank, E.Sun Commercial Bank, Far Eastern International Bank, First Commercial Bank, Gunma Bank, Hokkoku Bank, Hua Nan Commercial Bank, Hyakugo Bank, Jih Sun Commercial Bank, KDB, Land Bank of Taiwan, Mega International Bank, Nishi-Nippon City Bank, Pan Hsin Commercial Bank, Sumitomo Mitsui Trust Bank, Sunny Bank, Taishin International Bank, and Taiwan Business Bank came is as arrangers. Proceeds are for general corporate purposes.
  • Indonesia syndicated loan volume dropped to $4.8 billion this YTD via 23 deals, down 49% compared with 2017 YTD.
  • In 2018, Southeast Asia loan volume stands at $36.0 billion, slightly drop from $38.1 billion from last YTD.

The largest deal signed in Indonesia in 2018 YTD

  • Amman Mineral Nusa Tenggara has signed a $600 million facility through sole bookrunner and mandated lead arranger Bank Mandiri. Syndication saw Bangkok Bank join as mandated lead arranger. Proceeds are to finance the capital expenditure for developing Phase 7 Batu Hijau and to pay all fees and costs in terms of transaction and for general corporate purposes.
  • This is the largest deal signed in Indonesia in 2018 YTD, followed by Solusi Tunas Pratama’s $577 million facility signed in February 2018 and Jasamarga Semarang Batang’s $561 million facility signed in April 2018.
  • In Asia Pacific (ex Japan), Mining sector loan stands at $5.1 billion, up 59% from $3.2 billion borrowed in the same period of 2017.
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