The largest syndicated loan deal signed in China in 2017 YTD
- Tencent Asset Management has signed a $4.7 billion facility through joint bookrunners and mandated lead arrangers Bank of China, Bank of Tokyo-Mitsubishi UFJ, China Construction Bank, Citibank, and HSBC. Syndication saw ANZ, China Development Bank, Mizuho Bank and Standard Chartered Bank join in as mandated lead arrangers; while Bank of Communications, Hang Seng Bank, and Westpac join in as arrangers. Proceeds are for general corporate purposes.
- This is the largest syndicated loan deal signed in China in 2017 YTD, followed by Guangzhou Metro Group’s $1.9 billion fundraising in February 2017 and Wenzhou Oujiang Estuary Bridge’s $800 million facility in January 2017.
- China syndicated loan volume stands at $17.7 billion so far this year, down 38% from $28.5 billion borrowed in 2016 YTD.
Finance is the second largest sector in Hong Kong in 2017 YTD
- Haitong International Securities has signed a HK$6.7 billion facility through joint mandated lead arrangers Agricultural Bank of China, Bank of Communications, China Merchants Bank, Hang Seng Bank, HSBC, Industrial & Commercial Bank of China, and Wing Lung Bank on a club basis. Proceeds are for working capital purposes.
- This is the largest Finance sector deal signed in Hong Kong so far this year, followed by Stata Bank of India (Hong Kong)’s $750 million facility signed in February and SSG Capital Partners IV and SSG Secured Lending Opportunities II’s $400 million facility signed in March.
- Finance is the second largest sector in Hong Kong in 2017 YTD with $2.4 billion signed, accounting for 27% of total Hong Kong loan volume.
Indonesia loan volume this YTD almost triples the volume in 2016 YTD
- Palapa Timur Telematika has secured an IDR 4 trillion facility through sole bookrunner and mandated lead arranger Bank Negara Indonesia. Syndication saw BPD Papua, Bank Maluku Malut, Bank Sulselbar, and Industrial & Commercial Bank of China come in as participants. Proceeds are to support the funding of the East Package of Palapa Ring Project in Indonesia.
- This is the first Telecommunication sector deal signed in Indonesia so far this year, as well as the first one signed in the Southeast Asia region.
- Indonesia syndicated loan volume has reached a record of $4.8 billion so far this year, almost triples the $1.7 billion borrowed in the same period of 2016.
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