China loans down; Singapore, property lead SE Asia

China syndicated loan volume down 13% Y-o-Y

• China Resources Land has secured a HK$11.0 billion facility through joint mandated lead arrangers Agricultural Bank of China, Bank of China, Bank of Tokyo-Mitsubishi UFJ, China Construction Bank, DBS Bank, Industrial Commercial Bank of China, Sumitomo Mitsui Banking Corp, and UOB on a club basis. Proceeds are to repay existing debt and for working capital purposes.
• China offshore syndicated loan volume reaches $28.2 billion so far this year, up 26% from $22.4 billion borrowed in 2016 YTD.
• Conversely, China total syndicated loan volume stands at $97.8 billion...