China syndicated loan volume up; India syndicated loan volume down

Zhejiang Petrochemical, PNB Housing Finance and Reliance Jio Infocomm feature in Dealogic's roundup of loans activity in Asia for July 6 to 12.

The largest deal signed in China in 2018 YTD 

Zhejiang Petrochemical sealed a $9.1 billion facility through joint mandated lead arrangers China Development Bank, Export-Import Bank of China, and Industrial Commercial Bank of China. Syndication saw Bank of China join as an arranger, while China Construction Bank, China Guangfa Bank, China Minsheng Banking Corp, Postal Savings Bank of China, and Shanghai Pudong Development Bank came in as participants. Proceeds are to finance the development of a 40 million-tonne per year integrated refining and petrochemical complex in Zhejiang Province, China. 

The deal is the largest signed in China so far this year, followed by Hengli Petrochemical...

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