Large India, Indonesia loans; Taiwan volumes up 25%

Power Finance, Jasamarga Semarang Batang and BES Engineering and Agora Garden Hotel feature in Dealogic's roundup of loans activity in Asia for April 20 to 26.

Second-largest Finance sector deal signed in India in 2018 YTD

  • Power Finance has closed a $300 million facility through joint bookrunners and mandated lead arrangers Bank of Tokyo-Mitsubishi UFJ, Mizuho Bank, and State Bank of India. Syndication saw Hachijuni Bank and Mega International Commercial Bank join as arrangers, while Gunma Bank and Shinhan Bank join as participants. Proceeds are for general corporate purposes.
  • This is the second-largest Finance sector deal signed in India so far this year, after Axis Bank’s $525 million facility signed in March 2018.
  • Asia Pacific (ex Japan) syndicated loan volume stands at $115.4 billion so far this year, down 16% from $137.3 billion borrowed in the same period of 2017.

The second largest deal signed in Indonesia in 2018 YTD

  • Jasamarga Semarang Batang has signed an IDR 7.7 trillion facility through joint bookrunners and mandated lead arrangers Bank Central Asia, Bank CIMB Niaga, and Bank Mandiri. Syndication saw Bank KEB Hana Indonesia, Bank Panin, Bank Pembangunan Daerah Jawa Tengah, and Sarana Multi Infrastruktur join as participants. Proceeds are to support the project that entails the development of 75kms of toll road between Batang and Semang in Indonesia.
  • This is the second-largest deal signed in Indonesia so far this year, after Solusi Tunas Pratama’s $577 million facility signed in February 2018.
  • In 2018 YTD, Indonesia syndicated loan volume stands at $3.3 billion via 16 deals, down 62% from $8.6 billion borrowed in 2017 YTD.

Taiwan syndicated loan volume increasing 25% Y-o-Y

  • BES Engineering and Agora Garden Hotel has signed a NT$8.9 billion facility through sole bookrunner and mandated lead arranger Taishin International Bank. Syndication saw Agricultural Bank of Taiwan, Bank of Kaohsiung, Chang Hwa Commercial Bank, DBS, Hua Nan Commercial Bank, International Bills Finance, Taiwan Business Bank, and Taiwan Finance join as participants. This is an amendment to an existing NT$9.2 billion facility signed in 2011. Proceeds are for property purposes.
  • This is the second-largest Construction/ Building sector deal signed in Taiwan so far this year, after Taiwan Cement’s $1.5 billion facility signed in March 2018.
  • In 2018 YTD, Taiwan syndicated loan volume stands at $6.0 billion via 29 deals, increasing 25% from $4.8 billion borrowed in 2017 YTD.
¬ Haymarket Media Limited. All rights reserved.

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222