China offshore loans up 13.3% YoY, Australian loans up 25% YoY

Australia's oOh!media, NetEase and King Yuan Electronics secure loans this week as loan volumes ex-Japan continue to be a mixed bag.

Acquisition related loan in Asia Pacific ex Japan down 22.3%

  • oOhmedia has secured a A$450 million facility through joint bookrunners and mandated lead arrangers Commonwealth Bank of Australia and Westpac. Syndication saw Bank of China, ING Bank Australia, National Australia Bank and Sumitomo Mitsui Banking Corp coming in as arrangers. Proceeds are to support the $442 million acquisition of Adshel Steet Furniture.
  • Acquisition related loans amount to $25.6 billion in Asia Pacific ex Japan so far this year, down 22.6% from $33.0 billion in 2017 YTD.
  • In Australasia, loan volume stands...
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