Hong Kong syndicated loan volume totals $40.5 billion in 2017 YTD
- Sea 49 Leasing, Sea 50 Leasing, and Sea 51 Leasing have signed a $115 million facility through sole bookrunner and mandated lead arranger CTBC Bank. Syndication saw Cathay United Bank, KGI Bank, and Mega International Commercial Bank join as mandated lead arrangers; while Bank of Panhsin, First Commercial Bank, and Jih Sun International Commercial Bank came in as arrangers. Proceeds are to partly refinance the acquisition of vessels.
- Hong Kong syndicated loan volume totals $40.5 billion so far this year, slightly increasing from $39.0 billion borrowed in the same period of 2016.
- In Asia Pacific (ex-Japan), syndicated loan volume stands at $348.7 billion via 1094 deals in 2017 YTD, down 18% from $426.3 billion borrowed in the same period of 2016, and marking the lowest YTD level since 2012 ($327.4 billion).
The third largest deal signed in Malaysia in 2017 YTD
- DanaInfra Nasional has signed a MYR 4.0 billion facility through joint mandated lead arrangers AmBank Islamic, CIMB Islamic Bank, Maybank Islamic, and RHB Islamic Bank on a club basis. Proceeds are to partly finance construction cost of the Pan Borneo Highway Project.
- This is the third largest deal signed in Malaysia in 2017 YTD, after SapuraKencana TMC’s $1.5 billion facility signed in March 2017 and MISC Capital (L)’s $1.0 billion fundraising signed in July 2017.
- Malaysia syndicated loan volume totals $7.9 billion so far this year, down 5% from $7.5 billion borrowed in 2016 YTD.
Singapore syndicated loan volume down 5% Y-o-Y
- Yangzijiang International Trading has secured a $200 million facility through joint bookrunners and mandated lead arrangers BNP Paribas and Standard Chartered Bank. Syndication saw Deutsche Bank, Industrial & Commercial Bank of China, JPMorgan, and Maybank joined as mandated lead arrangers. CTBC Bank, First Commercial Bank, Mega International Commerical Bank, Shanghai Commercial & Savings Bank, Taipei Fubon Commercial Bank, and Taishin International Bank also came in as arrangers. Proceeds are to refinance the $200 million facility signed in April 2015.
- Transportation sector loan volume totals $1.8 billion in Singapore so far this year, down 20% from $1.5 billion borrowed in 2016 YTD.
- Singapore syndicated loan volume stands at $32.2 billion in 2017 YTD, down 5% from $34.0 billion borrowed in the same period of 2016.
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