Hydro firm seals 2017's biggest loan to date

SPIC Pacific Hydro, Shimao Property and Indomobil Finance Indonesia feature in Dealogic's roundup of loans activity in Asia for January 20 to 26.

The largest loan signed in Asia Pacific (ex Japan) in 2017 YTD

  • SPIC Pacific Hydro has signed an A$1.6 billion facility through joint mandated lead arrangers ANZ, Bank of China, China Construction Bank, and Industrial & Commercial Bank of China on a club basis. Proceeds are to refinance an existing facility signed in January 2016 and for general corporate purposes.
  • This is the largest loan signed in Asia Pacific (ex Japan) so far this year, followed by Wenzhou Oujiang Estuary Bridge’s $800 million facility and Shimao Property Holdings’ $435 million fundraising.
  • Asia Pacific (ex Japan) syndicated loans volume totals $6.1 billion via 18 deals in 2017 YTD, down 71% from $21.4 billion borrowed in 2016 YTD.

The largest Real Estate sector loan signed in Asia Pacific (ex Japan) in 2017 YTD

  • Shimao Property has signed a RMB 3.0 billion facility through sole mandated lead arrangers Shanghai Pudong Development Bank. Syndication saw Bank of Shanghai and Shanghai Rural Commercial Bank join as participants. Proceeds are for general corporate purposes.
  • This is the largest Real Estate sector loan signed in Asia Pacific (ex Japan) so far this year, followed by KWG Property’s $341 million facility and Dasin Retail Trust’s $297 million fundraising.
  • Real Estate sector syndicated loan volume in Asia Pacific (ex Japan) totals $1.3 billion via 5 deals in 2017 YTD, down 72% from $4.7 billion borrowed in 2016 YTD.

The second largest deal signed in Southeast Asia in 2017 YTD

  • Indomobil Finance Indonesia has signed a $250 million facility through joint bookrunners and mandated lead arrangers CTBC Bank, Mizuho Bank, OCBC and Sumitomo Mitsui Banking Corp. Syndication saw Bank of China, Bank of Taiwan, State Bank of India, Ta Chong Bank and Taiwan Cooperative Bank join as mandated lead arrangers, while Chang Hwa Commercial Bank, Eastspring Investments, Far Eastern International Bank, First Commercial Bank, Hua Nan Commercial Bank, Land Bank of Taiwan, NEC Capital Solutions, Sumitomo Mitsui Trust Bank, Taipei Fubon Commercial Bank, Taishin International Bank and Taiwan Business Bank came in as arrangers. Proceeds are for general corporate purposes and working capital purposes.
  • This is the second largest syndicated loan signed in Southeast Asia so far this year, after Thai Union Group’s $353 million facility signed in January 2017.
  • In Southeast Asia, syndicated loan volume stands at $903 million in 2017 YTD, accounting for 15% of Asia Pacific (ex Japan)’s total loan volume.

 

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