China Finance sector syndicated loan volume at highest full-year level on record
- China Development Bank has signed a GBP1.0 billion facility through joint bookrunners and mandated lead arrangers Bank of China, Bank of Communications, China Merchants Bank and HSBC. Syndication saw BNP Paribas and Standard Chartered Bank join as arrangers. Proceeds are to support projects in London.
- This was the second largest Finance sector deal signed in China in 2016, behind China Cinda Asset Management’s $5.0 billion facility signed in February 2016.
- In China, Finance sector loan volume stands at $12.2 billion in 2016, slightly up from $11.8 billion borrowed in 2015 and also marking the highest full-year level on record.
Construction sector leads China syndicated loan volume in 2016
- Shantou Suai Channel Construction & Investment has signed a RMB 6.5 billion facility through sole mandated lead arranger Bank of Communications. Syndication saw Agricultural Bank of China, Agricultural Development Bank of China, Bank of China, China Construction Bank, China Everbright Bank and Postal Savings Bank of China join as participants. Proceeds are to support the construction of Shantou Bay Channel project in China.
- Construction is the largest sector for China loan volume in 2016. Volume has reached $31.2 billion via 61 deals, doubled the $15.2 billion borrowed in 2015.
- Asia Pacific (ex Japan) Construction sector loan volume stands at $55.2 billion via 189 deals in 2016, up 27% year-on-year from $43.5 billion borrowed in 2015.
Malaysia syndicated loan volume at lowest full-year level since 2009
- North Memorial has signed a $465 million facility through sole bookrunner and mandated lead arranger CIMB Bank. Syndication saw OCBC Bank join as mandated lead arranger, while Alliance Bank Malaysia, Alliance Investment Bank and AmInvestment Bank came in as arrangers. Proceeds are for future acquisition and general corporate purposes.
- This is the largest Professional Services sector deal signed in Malaysia in 2016, followed by edotco Group’s $450 million fundraising in December 2016.
- Malaysia syndicated loan volume stands at $9.4 billion via 22 deals in 2016, down 28% from $13.0 billion borrowed in 2015 and also marking the lowest full-year level since 2009 ($4.0 billion).
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