China, SE Asia loan volumes plunge

China onshore loan volume down 57% Y-o-Y

• Tongxiang Puyuan Tourism has signed an RMB2.2 billion facility through joint bookrunners and mandated lead China CITIC Bank and China Development Bank on a club basis. Proceeds are to support the development of Puyuan Historical Town in Tongxiang City, Zhejiang Province, China.
• China onshore loan volume stands at $13.2 billion so far this year, down 57% Y-o-Y and marking the lowest YTD level since 2014 $9.3 billion.
• China syndicated loans volume totals $22.3 billion in 2017 YTD, down 42% from $38.3 billion borrowed in 2016 YTD....