China offshore loan volume edges up; big Taiwan loan

Citic, Axis Bank and Taiwan Cement feature in Dealogic's roundup of loans activity in Asia for March 9 to 15.

China Offshore syndicated loan volume slightly up YTD

  • CITIC has closed a $200 million facility through sole bookrunner and mandated lead arranger Taipei Fubon Commercial Bank.  Syndication saw First Commercial Bank, Hua Nan Commercial Bank, and Taiwan Cooperative Bank join as arrangers while E Sun Commercial Bank and Taishin International Bank came in as participants. Proceeds are to repay existing debt and for general corporate purposes.
  • China offshore loan volume stands at $3.0 billion in 2018 YTD, slight increase from 2017 YTD’s $2.9 billion.
  • In China, syndicated loan volume...
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