China offshore loans down; Indonesia volume soars

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

• Best Pacific International Holdings has signed a HK$2.0 billion facility through joint mandated lead arrangers Bank of China, Bank of Communications, CTBC Bank, Fubon Bank, Hang Seng Bank, Standard Chartered Bank, and UOB on a club basis. Proceeds are to repay existing debt and for general corporate purposes.
• China offshore syndicated loan volume totals $38.5 billion so far this year, down 13% from $44.0 billion borrowed in the same period of 2016.
• Similarly, China onshore syndicated loan volume stands at $78.1 billion in 2017 YTD, falling 29%...